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Spread Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

GOLD Aug 2023/Oct 2023 Spread (NYMEX:GC.Q23_V23)

Strong Downtrend (-100) - GC.Q23_V23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GC.Q23_V23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid GC.Q23_V23?

MarketClub looks at technical strength and momentum to determine if the timing is right for GC.Q23_V23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_GC.Q23_V23
Open High Low GC.Q23_V23 Price Change
-10.9 -10.9 -10.9 -11.2 -0.1
Entry Signal

MarketClub’s Trade Triangles for GC.Q23_V23

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 GC.Q23_V23

Based on our trend formula, GC.Q23_V23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for GC.Q23_V23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-10.9 -10.9 -10.9 -11.2 -0.1
Prev. Close Volume Bid Ask Time
-11.1 2 2022-08-12 13:22:29
Open Time08:20Close Time13:30
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