Future Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
E-MICRO GOLD Dec 2023 (NYMEX:MGC.Z23)
Long-Term Uptrend (+90) - MGC.Z23 is in a strong uptrend that is likely to continue. While MGC.Z23 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.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.Z23
The long-term trend has been UP since Nov 28th, 2023 at 2019.7
The intermediate-term trend has been UP since Oct 17th, 2023 at 1946.1
The short-term trend has been UP since Nov 14th, 2023 at 1965.5
Smart Scan Analysis for MGC.Z23
Based on our trend formula, MGC.Z23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).