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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.

NYMEX_QO.M23
Open High Low QO.M23 Price Change
1940.25 1957.00 1936.00 1944.30 +5.25
Entry Signal

MarketClub’s Trade Triangles for QO.M23

long term up The long-term trend has been UP since Dec 1st, 2022 at 1811.25

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2023 at 1984.00

short term down 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).

-60
Smart Scan Analysis for QO.M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1940.25 1957.00 1936.00 1944.30 +5.25
Prev. Close Volume Bid Ask Time
1946.75 317 2023-05-26 12:25:53
Expiration2023-05-26Open Time18:00
Close Time17:00
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