Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
GOLD (E-MINI) Oct 2022 (NYMEX:QO.V22)
Long-Term Downtrend (-90) - QO.V22 is in a strong downtrend that is likely to continue. While QO.V22 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 QO.V22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QO.V22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QO.V22
The long-term trend has been DOWN since Jun 14th, 2022 at 1820.5
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 1836.0
The short-term trend has been DOWN since Jun 21st, 2022 at 1850.0
Smart Scan Analysis for QO.V22
Based on our trend formula, QO.V22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).