Gold Futures: Door open to further decline
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Open interest in gold futures markets remained choppy and went up by around 1.7K contracts on Wednesday according to advanced prints from CME Group. Volume, instead, resumed the downtrend and shrank by around 71.2K contracts.
Gold prices extended the weekly leg lower on Wednesday amidst increasing open interest, opening the door at the same time to the continuation of the downtrend and another visit to the 2022 low at $1,680 per ounce troy (July 21).
[/s2If]
Join Our Telegram Group
