Gold Futures: Upside could be losing traction – by pabspiovano Gold Commodities Metals OpenInterest Futures
m CME Group. Volume, instead, reversed the previous daily drop and went up by around 50.6K contracts.advanced strongly on Wednesday. The uptick, however, was on the back of shrinking open interest, which suggest that the upside momentum could be running out of steam in the very near term. On the upside, the next target of relevance is seen at the $1,800 region, an area reinforced by the proximity of the 200-day SMA, today at $1,796.
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