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Spread Trend Analysis Report

Prepared for you on Wednesday, October 28, 2020.

GOLD Dec 2020/Aug 2021 Spread (NYMEX:GC.Z20_Q21)

Bear Market Rally (-75) - GC.Z20_Q21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GC.Z20_Q21 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid GC.Z20_Q21?

MarketClub looks at technical strength and momentum to determine if the timing is right for GC.Z20_Q21.

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

NYMEX_GC.Z20_Q21
Open High Low GC.Z20_Q21 Price Change
-20.7 -20.5 -21.0 -20.5 -0.1
Entry Signal

MarketClub’s Trade Triangles for GC.Z20_Q21

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.Z20_Q21

Based on our trend formula, GC.Z20_Q21 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for GC.Z20_Q21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-20.7 -20.5 -21.0 -20.5 -0.1
Prev. Close Volume Bid Ask Time
-20.4 53 2020-10-28 17:28:47
Open Time18:00Close Time17:00
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