Gold Futures: Price action appears unclear

Pablo Piovano FXStreet

Considering advanced prints from CME Group for gold futures markets, open interest rose by just 9 contracts on Wednesday following the previous daily pullback. On the other hand, volume shrank by nearly 21K contracts, keeping the choppy activity well in place for yet another session.

Gold: Support emerged around $1815

Gold prices charted an inconclusive session on Wednesday. The move was on the back of a marginal uptick in open interest and shrinking open interest, leaving the outlook unclear for the time being. In the meantime, the recent sharp sell-off in the yellow metal seems to have met contention around $1815 per troy ounce.

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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