Future Trend Analysis Report
Prepared for you on Friday, July 1, 2022.
E-MICRO GOLD Aug 2022 (NYMEX:MGC.Q22)
Strong Downtrend (-100) - MGC.Q22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MGC.Q22 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MGC.Q22?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.Q22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.Q22
The long-term trend has been DOWN since Jun 30th, 2022 at 1804.6
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 1826.5
The short-term trend has been DOWN since Jun 29th, 2022 at 1819.4
Smart Scan Analysis for MGC.Q22
Based on our trend formula, MGC.Q22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).