Future Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
GOLD May 2020 (NYMEX:GC.K20)
Sidelines Mode (+55) - GC.K20 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.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.K20
The long-term trend has been UP since Apr 6th, 2020 at 1704.3
The intermediate-term trend has been UP since Apr 6th, 2020 at 1696.3
The short-term trend has been DOWN since May 20th, 2020 at 1749.0
Smart Scan Analysis for GC.K20
Based on our trend formula, GC.K20 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).