Future Trend Analysis Report
Prepared for you on Tuesday, May 17, 2022.
GOLD (E-MINI) Dec 2022 (NYMEX:QO.Z22)
Long-Term Downtrend (-90) - QO.Z22 is in a strong downtrend that is likely to continue. While QO.Z22 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.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QO.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QO.Z22
The long-term trend has been DOWN since May 16th, 2022 at 1821.00
The intermediate-term trend has been DOWN since Apr 25th, 2022 at 1941.25
The short-term trend has been DOWN since May 9th, 2022 at 1907.00
Smart Scan Analysis for QO.Z22
Based on our trend formula, QO.Z22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).