Note

Gold Futures: Door open for extra gains

· Views 51

Investors added around 9.6K contracts to their open interest positions at the beginning of the week according to preliminary data from CME Group. In the same line, volume increased by around 158.1K contracts following three consecutive daily pullbacks.

Gold approaches the $2,000 mark

Gold started the year on the positive mood and further upside appears on the cards amidst higher prices and rising open interest and volume. If the November peak at $1,965 is cleared, then the focus of attention should shift to the critical $2000 mark per ounce.

Gold Futures: Door open for extra gains

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.