Future Trend Analysis Report
Prepared for you on Tuesday, May 17, 2022.
GOLD Apr 2023 (NYMEX:GC.J23)
Weak Downtrend (-65) - GC.J23 is showing signs of a strengthening downtrend. Monitor GC.J23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GC.J23?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.J23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.J23
The long-term trend has been UP since Feb 11th, 2022 at 1875.7
The intermediate-term trend has been DOWN since Apr 24th, 2022 at 1973.0
The short-term trend has been DOWN since May 9th, 2022 at 1902.7
Smart Scan Analysis for GC.J23
Based on our trend formula, GC.J23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).