Future Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
GOLD Aug 2020 (NYMEX:GC.Q20)
Long-Term Uptrend (+90) - GC.Q20 is in a strong uptrend that is likely to continue. While GC.Q20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid GC.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.Q20
The long-term trend has been UP since Apr 6th, 2020 at 1708.0
The intermediate-term trend has been UP since Apr 6th, 2020 at 1688.9
The short-term trend has been UP since May 29th, 2020 at 1736.4
Smart Scan Analysis for GC.Q20
Based on our trend formula, GC.Q20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).