Future Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
E-MICRO GOLD Dec 2023 (NYMEX:MGC.Z23)
Sidelines Mode (+55) - MGC.Z23 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.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.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 8th, 2023 at 2020.6
Smart Scan Analysis for MGC.Z23
Based on our trend formula, MGC.Z23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).