Future Trend Analysis Report
Prepared for you on Tuesday, September 21, 2021.
E-MICRO GOLD Aug 2022 (NYMEX:MGC.Q22)
Long-Term Downtrend (-90) - MGC.Q22 is in a strong downtrend that is likely to continue. While MGC.Q22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MGC.Q22?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.Q22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.Q22
The long-term trend has been DOWN since Aug 9th, 2021 at 1767.0
The intermediate-term trend has been DOWN since Sep 16th, 2021 at 1785.8
The short-term trend has been DOWN since Sep 16th, 2021 at 1792.0
Smart Scan Analysis for MGC.Q22
Based on our trend formula, MGC.Q22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).