Future Trend Analysis Report
Prepared for you on Wednesday, October 21, 2020.
GOLD Nov 2020 (NYMEX:GC.X20)
Crossroads (+60) - GC.X20 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.X20?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.X20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.X20
The long-term trend has been DOWN since Sep 1st, 2020 at 1977.7
The intermediate-term trend has been UP since Oct 11th, 2020 at 1932.0
The short-term trend has been UP since Oct 20th, 2020 at 1913.4
Smart Scan Analysis for GC.X20
Based on our trend formula, GC.X20 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).