Future Trend Analysis Report
Prepared for you on Thursday, January 20, 2022.
E-MICRO GOLD Aug 2022 (NYMEX:MGC.Q22)
Long-Term Uptrend (+90) - MGC.Q22 is in a strong uptrend that is likely to continue. While MGC.Q22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Nov 9th, 2021 at 1839.9
The intermediate-term trend has been UP since Dec 28th, 2021 at 1822.0
The short-term trend has been UP since Jan 19th, 2022 at 1828.0
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).