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Future Trend Analysis Report

Prepared for you on Monday, February 6, 2023.

GOLD Dec 2023 (NYMEX:GC.Z23)

Crossroads (-60) - GC.Z23 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.Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for GC.Z23.

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

NYMEX_GC.Z23
Open High Low GC.Z23 Price Change
1941.1 1958.0 1940.4 1957.7 +13.5
Entry Signal

MarketClub’s Trade Triangles for GC.Z23

long term up The long-term trend has been UP since Dec 1st, 2022 at 1876.2

intermediate term down The intermediate-term trend has been DOWN since Feb 3rd, 2023 at 1954.1

short term down The short-term trend has been DOWN since Feb 3rd, 2023 at 1985.0

Smart Scan Analysis for GC.Z23

Based on our trend formula, GC.Z23 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GC.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1941.1 1958.0 1940.4 1957.7 +13.5
Prev. Close Volume Bid Ask Time
2013.7 41 2023-02-06 01:49:35
First Delivery2023-12-29Expiration2023-12-27
Open Time08:20Close Time13:30
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