Future Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
E-MICRO GOLD Oct 2023 (NYMEX:MGC.V23)
Strong Downtrend (-100) - MGC.V23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MGC.V23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MGC.V23?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.V23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.V23
The long-term trend has been DOWN since Aug 10th, 2023 at 1927.9
The intermediate-term trend has been DOWN since Aug 4th, 2023 at 1948.0
The short-term trend has been DOWN since Sep 20th, 2023 at 1926.1
Smart Scan Analysis for MGC.V23
Based on our trend formula, MGC.V23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).