Future Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
GOLD Nov 2020 (NYMEX:GC.X20)
Long-Term Downtrend (-90) - GC.X20 is in a strong downtrend that is likely to continue. While GC.X20 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GC.X20?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.X20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.X20
The long-term trend has been DOWN since Sep 1st, 2020 at 1977.7
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 1862.8
The short-term trend has been DOWN since Nov 18th, 2020 at 1871.0
Smart Scan Analysis for GC.X20
Based on our trend formula, GC.X20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).