Future Trend Analysis Report
Prepared for you on Sunday, June 4, 2023.
GOLD (E-MINI) Oct 2023 (NYMEX:QO.V23)
Sidelines Mode (-55) - QO.V23 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 QO.V23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QO.V23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QO.V23
The long-term trend has been UP since Nov 11th, 2022 at 1838.75
The intermediate-term trend has been DOWN since May 17th, 2023 at 2024.75
The short-term trend has been UP since May 31st, 2023 at 2000.00
Smart Scan Analysis for QO.V23
Based on our trend formula, QO.V23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).