- Analytics
- News and Tools
- Market News
- Gold Futures: A sustained pullback seems unlikely
Gold Futures: A sustained pullback seems unlikely
Open interest in gold futures markets extended the downtrend for yet another session on Monday, this time by around 6.1K contracts according to preliminary readings from CME Group. Volume followed suit and shrank by around 51.2K contracts after two consecutive daily drops.
Gold: The $1950 region emerges as a decent support
Gold started the week in a negative fashion amidst shrinking open interest and volume. That said, a deeper pullback seems out of favour in the very near term, while the $1950 region remains an initial and decent contention zone.
© 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
