- Analytics
- News and Tools
- Market News
- Gold Futures: No changes to the consolidation theme
Gold Futures: No changes to the consolidation theme
Open interest in gold futures markets sharbk for the fourth consecutive session so far on Tuesday, this time by just 116 contracts considering preliminary readings from CME Group. On the other hand, volume increased by almost 40K contracts after two daily builds in a row.
Gold remains supported by $1890
Tuesday’s downtick in prices of gold was amidst a small drop in open interest, hinting at the idea that a deeper retracement would not be favoured in the very near term. That said, recent lows in the $1890 region appear as quite a decent contention for the time being.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
