- Analytics
- News and Tools
- Market News
- Gold Futures: Further upside in store near term
Gold Futures: Further upside in store near term
Open interest in gold futures markets dropped for yet another session on Monday, this time by nearly 4K contracts according to preliminary readings from CME Group. Volume, instead, remained erratic and went up by around 68.6K contracst.
Gold keeps targeting $1,786
Gold started the week on the defensive, although the daily pullback was amidst shrinking open interest. That said, further downside appears unlikely in the very near term, allowing instead for a potential rebound. The next target remains at he November high at $1,786 per ounce troy (November 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
