Gold Futures: Scope for extra gains


Traders increased their open interest positions in Gold futures markets by just 132 contracts on Tuesday, according to advanced prints from CME Group. On the other hand, volume extended the choppy activity and dropped by around 10.8K contracts.

Gold approaches $1,800

Tuesday’s uptick in Gold prices was accompanied by a small increase in open interest, leaving the door open to the continuation of the uptrend to the immediate target at the $1,800 mark per ounce troy.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Are you new to trading or have been trading for a while and you feel stuck?

Try with us!
Become Premium!
   

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD struggles to retain the 1.2000 threshold

The EUR/USD pair is at the lower end of its latest range, hovering around 1.2000. Data imbalances between the EU and the US starting to take their toll on the pair. Focus shifts to US data ahead of the NFP report.

EUR/USD News

GBP/USD trades around 1.39 amid political tensions

GBP/USD is trading around 1.39 as uncertainty about Britain's local and regional elections joins fresh Brexit tensions to weigh on the pound. US data is eyed later in the day.

GBP/USD News

VET consolidates before it launches an 80% rally

Vechain price is in preparation for an 80% gain from the current price as VET pursues the measured move target of a multi-year cup-with-handle base at $0.377.

Read more

Gold: Choppy conditions at critical levels

Gold is trapped on the daily time frame and traders are looking for a confirmation bias.  The bulls are watching for a break of monthly resistance to confirm their bias. Bears are yet to fully test the weekly support structure. 

Gold News

Are investors about to be burned by recency bias?

Are investors about to be burned by the recency bias? That’s the argument of Chris Cole of Artemis Capital in a very interesting Odd Lots podcast with Tracy Alloway.

Read more

Forex MAJORS

Cryptocurrencies

Signatures