Future Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
E-MICRO GOLD Apr 2021 (NYMEX:MGC.J21)
Sidelines Mode (-55) - MGC.J21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MGC.J21?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.J21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.J21
The long-term trend has been DOWN since Nov 23rd, 2020 at 1868.0
The intermediate-term trend has been UP since Apr 8th, 2021 at 1753.2
The short-term trend has been DOWN since Apr 23rd, 2021 at 1775.2
Smart Scan Analysis for MGC.J21
Based on our trend formula, MGC.J21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).