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Future Trend Analysis Report

Prepared for you on Monday, February 6, 2023.

GOLD Aug 2023 (NYMEX:GC.Q23)

Crossroads (-60) - GC.Q23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid GC.Q23?

MarketClub looks at technical strength and momentum to determine if the timing is right for GC.Q23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_GC.Q23
Open High Low GC.Q23 Price Change
1913.0 1924.5 1913.0 1922.2 +11.9
Entry Signal

MarketClub’s Trade Triangles for GC.Q23

long term up The long-term trend has been UP since Dec 1st, 2022 at 1848.9

intermediate term down The intermediate-term trend has been DOWN since Feb 3rd, 2023 at 1920.7

short term down The short-term trend has been DOWN since Feb 3rd, 2023 at 1950.0

Smart Scan Analysis for GC.Q23

Based on our trend formula, GC.Q23 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GC.Q23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1913.0 1924.5 1913.0 1922.2 +11.9
Prev. Close Volume Bid Ask Time
1981.0 46 2023-02-06 00:32:08
Expiration2023-08-29Open Time08:20
Close Time13:30
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