Free Daily Analysis

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.

NYMEX_GC.X20
Open High Low GC.X20 Price Change
1801.4 1803.8 1801.4 1803.8 +2.5
Entry Signal

MarketClub’s Trade Triangles for GC.X20

long term down The long-term trend has been DOWN since Sep 1st, 2020 at 1977.7

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 1862.8

short term down 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).

-90
Smart Scan Analysis for GC.X20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1801.4 1803.8 1801.4 1803.8 +2.5
Prev. Close Volume Bid Ask Time
1901.5 258 2020-11-25 12:05:01
Expiration2020-11-25Open Time18:00
Close Time17:00
Get a free daily analysis and signals for GOLD Nov 2020 (GC.X20) - Request Your Free Report.