GOLD FUTURES: POTENTIAL BOUNCE IN THE NEAR TERM

avatar
· Views 106



Open interest in gold futures markets shrank for the fourth session in a row on Tuesday, this time by around 3.2K contracts according to preliminary readings from CME Group. Volume, instead, kept the erratic performance in place and increased by around 42.3K contracts after the previous daily pullback.

Gold faces initial contention around $1900

Gold prices dropped for the second consecutive session on Tuesday. The downtick was on the back of further decline in open interest, which should be supportive of a near-term rebound. So far, the $1900 region emerges as a decent contention for the time being


Penafian: Pandangan yang dinyatakan adalah semata-mata dari pengarang dan tidak mewakili kedudukan rasmi Followme. Followme tidak bertanggungjawab ke atas ketepatan, kesempurnaan, atau kebolehpercayaan maklumat yang diberikan dan tidak bertanggungjawab untuk sebarang tindakan yang diambil berdasarkan kandungan, melainkan dinyatakan secara bertulis secara jelas.

Suka artikel ini? Tunjukkan penghargaan anda dengan menghantar tip kepada pengarang.
Balas 0
Tiada ulasan lagi. Jadilah yang pertama berkongsi pandangan anda.

  • tradingContest