Future Trend Analysis Report
Prepared for you on Thursday, June 8, 2023.
GOLD (E-MINI) Jun 2023 (NYMEX:QO.M23)
Crossroads (-60) - QO.M23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QO.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QO.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QO.M23
The long-term trend has been UP since Dec 1st, 2022 at 1811.25
The intermediate-term trend has been DOWN since May 18th, 2023 at 1984.00
The short-term trend has been DOWN since May 5th, 2023 at 2024.25
Smart Scan Analysis for QO.M23
Based on our trend formula, QO.M23 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).