Future Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
GOLD Feb 2021 (NYMEX:GC.G21)
Countertrend Down (-85) - GC.G21 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GC.G21?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.G21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.G21
The long-term trend has been DOWN since Nov 23rd, 2020 at 1861.6
The intermediate-term trend has been DOWN since Jan 8th, 2021 at 1828.5
The short-term trend has been UP since Feb 22nd, 2021 at 1787.6
Smart Scan Analysis for GC.G21
Based on our trend formula, GC.G21 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).