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Future Trend Analysis Report

Prepared for you on Friday, August 7, 2020.

GOLD Oct 2020 (NYMEX:GC.V20)

Countertrend Up (+85) - GC.V20 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid GC.V20?

MarketClub looks at technical strength and momentum to determine if the timing is right for GC.V20.

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

NYMEX_GC.V20
Open High Low GC.V20 Price Change
2065.1 2078.0 2015.0 2032.2 -31.8
Entry Signal

MarketClub’s Trade Triangles for GC.V20

long term up The long-term trend has been UP since Apr 6th, 2020 at 1711.3

intermediate term up The intermediate-term trend has been UP since Jun 19th, 2020 at 1766.9

short term down The short-term trend has been DOWN since Aug 7th, 2020 at 2015.5

Smart Scan Analysis for GC.V20

Based on our trend formula, GC.V20 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GC.V20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2065.1 2078.0 2015.0 2032.2 -31.8
Prev. Close Volume Bid Ask Time
1747.9 22252 2020-08-07 14:42:23
First Delivery2020-10-30Expiration2020-10-28
Open Time18:00Close Time17:00
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