Future Trend Analysis Report
Prepared for you on Saturday, August 20, 2022.
E-MICRO GOLD Jun 2023 (NYMEX:MGC.M23)
Bear Market Rally (-75) - MGC.M23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MGC.M23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MGC.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.M23
The long-term trend has been DOWN since Jul 1st, 2022 at 1871
The intermediate-term trend has been UP since Aug 1st, 2022 at 1818
The short-term trend has been DOWN since Aug 15th, 2022 at 1835
Smart Scan Analysis for MGC.M23
Based on our trend formula, MGC.M23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).