Golds Futures: Room for further upside

…
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 increased for the fourth consecutive session on Friday, this time by around 2.3K contracts according to preliminary readings from CME Group. Volume followed suit and went up by around 24.4K contracts after two consecutive daily pullbacks.

Friday’s strong uptick in gold prices was on the back of rising open interest and volume, leaving the door open to the continuation of the monthly rebound in the very near term. That said, the next target on the upside comes at the weekly high at $1890 per ounce troy (February 9).

[/s2If]
Join Our Telegram Group