Spread Trend Analysis Report
Prepared for you on Wednesday, October 21, 2020.
GOLD 100 OZ OCT 20/DEC 22 (ICE:@ZG.V20-@ZG.Z22)
Long-Term Downtrend (-90) - @ZG.V20-@ZG.Z22 is in a strong downtrend that is likely to continue. While @ZG.V20-@ZG.Z22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @ZG.V20-@ZG.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for @ZG.V20-@ZG.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @ZG.V20-@ZG.Z22
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for @ZG.V20-@ZG.Z22
Based on our trend formula, @ZG.V20-@ZG.Z22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).