Future Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
GOLD Nov 2023 (NYMEX:GC.X23)
Strong Uptrend (+100) - GC.X23 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GC.X23 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid GC.X23?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.X23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.X23
The long-term trend has been UP since Oct 18th, 2023 at 1948.4
The intermediate-term trend has been UP since Nov 21st, 2023 at 2001.0
The short-term trend has been UP since Nov 15th, 2023 at 1959.6
Smart Scan Analysis for GC.X23
Based on our trend formula, GC.X23 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).