- Analytics
- News and Tools
- Market News
- Gold Futures: A deeper decline is on the cards
Gold Futures: A deeper decline is on the cards
CME Group’s flash data for gold futures markets noted traders added around 4.3K contracts to their open interest positions on Tuesday, reversing two consecutive daily pullbacks. Volume followed suit and rose by the fourth session in a row, this time by around 70.1K contracts.
Gold: Next on the downside comes $1,753
The sharp pullback in gold prices recorded on Tuesday was amidst rising open interest and volume and opens the door to further retracements in the very near term. Against that, the next support of note emerges at the December 2021 low at $1,753 per ounce troy (December 15).
© 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
