Future Trend Analysis Report
Prepared for you on Friday, February 28, 2020.
GOLD Aug 2020 (NYMEX:GC.Q20)
Bull Market Weakness (+75) - GC.Q20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GC.Q20 as it may be in the beginning stages of a reversal.
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 Sep 28th, 2018 at 1247.1
The intermediate-term trend has been UP since Dec 3rd, 2019 at 1495.3
The short-term trend has been DOWN since Feb 28th, 2020 at 1651.9
Smart Scan Analysis for GC.Q20
Based on our trend formula, GC.Q20 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).