Future Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
GOLD Aug 2021 (NYMEX:GC.Q21)
Bull Market Weakness (+75) - GC.Q21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GC.Q21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GC.Q21?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.Q21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.Q21
The long-term trend has been DOWN since Nov 19th, 2020 at 1872
The intermediate-term trend has been UP since Apr 8th, 2021 at 1755
The short-term trend has been UP since May 3rd, 2021 at 1775
Smart Scan Analysis for GC.Q21
Based on our trend formula, GC.Q21 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).