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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.

NYMEX_GC.J23
Open High Low GC.J23 Price Change
1855.9 1855.9 1855.9 1855.9 -10.2
Entry Signal

MarketClub’s Trade Triangles for GC.J23

long term up The long-term trend has been UP since Feb 11th, 2022 at 1875.7

intermediate term down The intermediate-term trend has been DOWN since Apr 24th, 2022 at 1973.0

short term down 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).

-70
Smart Scan Analysis for GC.J23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1855.9 1855.9 1855.9 1855.9 -10.2
Prev. Close Volume Bid Ask Time
1866.1 1 2022-05-17 18:10:08
Expiration2023-04-26Open Time08:20
Close Time13:30
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