- Analytics
- News and Tools
- Market News
- Gold Futures: Further rebound in the pipeline
Gold Futures: Further rebound in the pipeline
Considering advanced prints from CME Group for gold futures markets, open interest increased by nearly 10K contracts after three consecutive daily pullbacks on Tuesday. Volume followed suit and went up by around 61.5K contracts, keeping the erratic performance well in place for yet another session.
Gold now targets the $1955 area
Gold prices extended the upward bias on Tuesday, surpassing the key $1930 amidst rising open interest and volume. That said, extra gains seem likely in the very near term and with interim target at the 100-day SMA, today at $1955 per troy ounce.
© 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
