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Future Trend Analysis Report
Prepared for you on Sunday, May 28, 2023.
GOLD Aug 2024 (NYMEX:GC.Q24)
Weak Downtrend (-65) - GC.Q24 is showing signs of a strengthening downtrend. Monitor GC.Q24 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GC.Q24?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.Q24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GC.Q24
The long-term trend has been UP since Mar 20th, 2023 at 1988.7
The intermediate-term trend has been DOWN since May 18th, 2023 at 2104.1
The short-term trend has been DOWN since May 16th, 2023 at 2132.6
Smart Scan Analysis for GC.Q24
Based on our trend formula, GC.Q24 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2080.1 | 2080.1 | 2064.5 | 2069.2 | -21.8 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2064.5 | 11 | 2023-05-25 16:08:09 |
| Expiration | 2024-08-28 | Open Time | 08:20 |
| Close Time | 13:30 |
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