Gold Continues to Make Gains Today


Open interest in gold futures markets dropped for yet another session on Wednesday, this time by around 4.1K contracts, according to advanced prints from CME Group. Volume, instead, reversed the previous daily drop and went up by around 50.6K contracts.

Prices of the ounce troy of gold increased massively on Wednesday. The uptick, however, was on the back of shrinking open interest, implying that the upside momentum could be running out of steam soon. On the upside, the next relevance target is seen at the $1,800 region, an area reinforced by the proximity of the 200-day SMA, today at $1,796.

This Post Has One Comment

  1. Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.