- Analytics
- News and Tools
- Market News
- Gold Futures: Door open to extra recovery
Gold Futures: Door open to extra recovery
Open interest in gold futures markets rose by just 577 contracts on Wednesday after two consecutive daily drops according to preliminary readings from CME Group. Volume followed suit and went up by almost 89K contracts, reversing at the same time two straight daily pullbacks.
Gold now targets $1,688
Prices of the ounce troy of gold added to the weekly rebound on Wednesday amidst rising open interest and volume. That said, the continuation of the bounce appears on the table in the very near term and with the immediate up barrier at the weekly high at $1,688 (September 21).
© 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
