Future Trend Analysis Report
Prepared for you on Tuesday, September 21, 2021.
GOLD Jun 2022 (NYMEX:GC.M22)
Bear Market Rally (-75) - GC.M22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GC.M22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GC.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.M22
The long-term trend has been DOWN since Aug 6th, 2021 at 1773.6
The intermediate-term trend has been DOWN since Sep 16th, 2021 at 1785.4
The short-term trend has been UP since Sep 21st, 2021 at 1773.0
Smart Scan Analysis for GC.M22
Based on our trend formula, GC.M22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).