GOLD FUTURES: NEAR-TERM CONSOLIDATION ON THE CARDS

avatar
· 閱讀量 47



Open interest in gold futures markets rose by more than 2K contracts on Tuesday, reversing at the same time a downtrend in place since May 16, according to preliminary readings from CME Group. Volume, instead, shrank for the second consecutive session, now by nearly 47K contracts.


Gold faces some range bound near term

Tuesday’s inconclusive price action in gold was on the back of increasing open interest and declining volume, which exposes some near-term consolidation around current levels. In the meantime, the yellow metal remains well supported by the $1930 region per ounce troy for the time being.

風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。

喜歡的話,讚賞支持一下
回覆 0

暫無評論,立馬搶沙發

  • tradingContest