Future Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
E-MICRO GOLD Dec 2024 (NYMEX:MGC.Z24)
Bull Market Weakness (+75) - MGC.Z24 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MGC.Z24 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MGC.Z24?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.Z24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.Z24
The long-term trend has been UP since Oct 20th, 2023 at 2114.6
The intermediate-term trend has been UP since Oct 18th, 2023 at 2060.3
The short-term trend has been DOWN since Dec 4th, 2023 at 2145.1
Smart Scan Analysis for MGC.Z24
Based on our trend formula, MGC.Z24 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).