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.
MarketClub’s Trade Triangles for GC.Z23
The long-term trend has been UP since Nov 28th, 2023 at 2019.7
The intermediate-term trend has been UP since Oct 17th, 2023 at 1946.1
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).
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