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Future Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

GOLD Dec 2023 (NYMEX:GC.Z23)

Countertrend Up (+85) - GC.Z23 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid GC.Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for GC.Z23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_GC.Z23
Open High Low GC.Z23 Price Change
2075.3 2130.2 2021.0 2028.8 -42.2
Entry Signal

MarketClub’s Trade Triangles for GC.Z23

long term up The long-term trend has been UP since Nov 28th, 2023 at 2019.7

intermediate term up The intermediate-term trend has been UP since Oct 17th, 2023 at 1946.1

short term down The short-term trend has been DOWN since Dec 4th, 2023 at 2036.0

Smart Scan Analysis for GC.Z23

Based on our trend formula, GC.Z23 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GC.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2075.3 2130.2 2021.0 2028.8 -42.2
Prev. Close Volume Bid Ask Time
2029.8 1061 2023-12-04 16:00:53
First Delivery2023-12-29Expiration2023-12-27
Open Time18:00Close Time17:00
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