Investors trimmed their open interest position by just 646 contracts on Thursday, reversing two consecutive builds according to advanced figures from CME Group. On the other hand, volume went up for the second straight session, now by nearly 86.3K contracts. Gold faces some consolidation ahead of extra gains Prices off the ounce troy of the precious metal appear to have met important resistance in the $1,750 region so far. Thursday’s negative price action was on the back of shrinking open interest, hinting at the idea that a deeper retracement in gold is not favoured in the short-term horizon. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD signals extra consolidation between 1.2100/1.2400 – UOB FX Street 2 years Investors trimmed their open interest position by just 646 contracts on Thursday, reversing two consecutive builds according to advanced figures from CME Group. On the other hand, volume went up for the second straight session, now by nearly 86.3K contracts. Gold faces some consolidation ahead of extra gains Prices off the ounce troy of the precious metal appear to have met important resistance in the $1,750 region so far. Thursday’s negative price action was on the back of shrinking open interest, hinting at the idea that a deeper retracement in gold is not favoured in the short-term horizon. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
