According to advanced prints from CME Group for Gold futures markets, open interest rose for the fourth session in a row on Wednesday, this time by nearly 8.1K contracts. On the opposite direction, volume extended the erratic performance and shrunk by around 118.3K contracts. Gold faces strong resistance above $1,600/oz Prices of the ounce troy of Gold edged higher on Wednesday on the back of rising open interest, which should be indicative that further gains are in the pipeline. However, the moderate drop in volume could remove some strength of the potential upside and trigger, instead, some consolidation around current levels. The solid momentum of the greenback is also expected to undermine extra rallies in the precious metal. 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 USD/CNH: The 7.05 level emerges on the horizon – UOB FX Street 2 years According to advanced prints from CME Group for Gold futures markets, open interest rose for the fourth session in a row on Wednesday, this time by nearly 8.1K contracts. On the opposite direction, volume extended the erratic performance and shrunk by around 118.3K contracts. Gold faces strong resistance above $1,600/oz Prices of the ounce troy of Gold edged higher on Wednesday on the back of rising open interest, which should be indicative that further gains are in the pipeline. However, the moderate drop in volume could remove some strength of the potential upside and trigger, instead, some consolidation around current… 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.
