Future Trend Analysis Report
Prepared for you on Tuesday, April 13, 2021.
GOLD Apr 2022 (NYMEX:GC.J22)
Bear Market Rally (-75) - GC.J22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GC.J22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GC.J22?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.J22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.J22
The long-term trend has been DOWN since Feb 17th, 2021 at 1790.0
The intermediate-term trend has been UP since Apr 6th, 2021 at 1748.9
The short-term trend has been DOWN since Apr 12th, 2021 at 1742.4
Smart Scan Analysis for GC.J22
Based on our trend formula, GC.J22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).