Future Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
GOLD Feb 2022 (NYMEX:GC.G22)
Long-Term Downtrend (-90) - GC.G22 is in a strong downtrend that is likely to continue. While GC.G22 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 GC.G22?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.G22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.G22
The long-term trend has been DOWN since Feb 18th, 2021 at 1788.0
The intermediate-term trend has been DOWN since Jan 8th, 2021 at 1906.7
The short-term trend has been DOWN since Feb 25th, 2021 at 1797.0
Smart Scan Analysis for GC.G22
Based on our trend formula, GC.G22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).