Gold Futures: Extra gains remain on the cards

Pablo Piovano FXStreet

Open interest in gold futures markets rose by around 2.4K contracts on Monday after two consecutive daily drops considering flash data from CME Group. In the same line, volume extended the choppiness seen as of late and also rose by around 9.8K contracts.

Gold keeps targeting the $1,800 level

Gold prices advanced to the $1,770 region at the beginning of the week on the back of rising open interest and volume. That said, the door now remains open for another potential attempt to the key barrier at the $1,800 per ounce troy in the very near term.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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