Gold Futures: Further gains are not favoured

Pablo Piovano FXStreet

Considering advanced prints from CME Group for gold futures markets, open interest shrank for the fifth consecutive session on Wednesday, this time by just 790 contracts. Volume followed suit and dropped by around 45.7K contracts.

Gold: Another visit to $1860 remains in the pipeline

Gold prices extended the weekly rebound on Wednesday amidst shrinking open interest and volume. Against that, the continuation of the recovery appears threatened and the yellow metal could recede to the area of recent lows around $1860 per ounce troy.

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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