Future Trend Analysis Report
Prepared for you on Sunday, May 22, 2022.
GOLD Feb 2023 (NYMEX:GC.G23)
Sidelines Mode (-55) - GC.G23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GC.G23?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.G23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.G23
The long-term trend has been UP since Feb 14th, 2022 at 1886.8
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 1948.2
The short-term trend has been UP since May 19th, 2022 at 1860.0
Smart Scan Analysis for GC.G23
Based on our trend formula, GC.G23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).