Future Trend Analysis Report
Prepared for you on Saturday, August 13, 2022.
E-MICRO GOLD Aug 2023 (NYMEX:MGC.Q23)
Sidelines Mode (+50) - MGC.Q23 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MGC.Q23 can gain momentum.
Is it time to buy, sell, or avoid MGC.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.Q23
The long-term trend has been DOWN since May 12th, 2022 at 1930.0
The intermediate-term trend has been UP since Aug 1st, 2022 at 1826.8
The short-term trend has been UP since Jul 22nd, 2022 at 1773.2
Smart Scan Analysis for MGC.Q23
Based on our trend formula, MGC.Q23 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).