Future Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
GOLD Oct 2020 (NYMEX:GC.V20)
Sidelines Mode (-55) - GC.V20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for GC.V20
The long-term trend has been DOWN since Mar 19th, 2020 at 1482.9
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 1578.0
The short-term trend has been UP since Apr 3rd, 2020 at 1633.0
Smart Scan Analysis for GC.V20
Based on our trend formula, GC.V20 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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