Future Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
GOLD Jun 2021 (NYMEX:GC.M21)
Bull Market Weakness (+75) - GC.M21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GC.M21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GC.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.M21
The long-term trend has been DOWN since Nov 23rd, 2020 at 1866.9
The intermediate-term trend has been UP since Apr 8th, 2021 at 1755.1
The short-term trend has been UP since May 3rd, 2021 at 1773.6
Smart Scan Analysis for GC.M21
Based on our trend formula, GC.M21 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).