Future Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
GOLD Apr 2022 (NYMEX:GC.J22)
Bull Market Weakness (+75) - GC.J22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GC.J22 as it may be in the beginning stages 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 Aug 8th, 2021 at 1758.8
The intermediate-term trend has been UP since Oct 13th, 2021 at 1785.8
The short-term trend has been UP since Oct 20th, 2021 at 1776.3
Smart Scan Analysis for GC.J22
Based on our trend formula, GC.J22 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).