Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
E-MICRO GOLD Apr 2024 (NYMEX:MGC.J24)
Bull Market Weakness (+75) - MGC.J24 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MGC.J24 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MGC.J24?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.J24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.J24
The long-term trend has been UP since Nov 28th, 2023 at 2059.0
The intermediate-term trend has been UP since Oct 18th, 2023 at 1982.8
The short-term trend has been DOWN since Dec 4th, 2023 at 2073.0
Smart Scan Analysis for MGC.J24
Based on our trend formula, MGC.J24 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).