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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.

ICE_@ZG.V20-@ZG.Z22
Open High Low @ZG.V20-@ZG.Z22 Price Change
-51.2 -51.2 -51.2 -51.2 0
Entry Signal

MarketClub’s Trade Triangles for @ZG.V20-@ZG.Z22

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down 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).

-90
Smart Scan Analysis for @ZG.V20-@ZG.Z22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-51.2 -51.2 -51.2 -51.2 0
Prev. Close Volume Bid Ask Time
-51.2 0 2020-10-20 00:00:00
Expiration2020-10-28
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