Gold Futures: Still room for further consolidation
…
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 kept the erratic performance on Thursday and rose by around 2.8K contracts according to preliminary readings from CME Group. Volume also remained erratic and shrank by nearly 2K contracts.
Gold charted decent gains on Thursday amidst rising open interest and declining volume. Against that, the continuation of the consolidative trade seems well on the cards for the time being, always around the key $2000 mark per ounce troy.
[/s2If]
Join Our Telegram Group
