Open interest in Gold futures markets reversed a multi-session uptrend and shrunk by nearly 6.1K contracts on Wednesday, in light of advanced data from CME Group. Volume, instead, rose for the second session in a row, now by around 72.8K contracts. Gold could re-test the 55-day SMA at $1,725/oz Prices of the ounce troy of Gold corrected lower after hitting fresh YTD peaks around $1,790 on Wednesday. The correction lower came amidst declining open interest, signalling that a deeper pullback looks unlikely in the short-term horizon. That said, the precious metal could test the $1,725 level before resuming the upside. 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 Forex Today: Stocks’ strength, dollar downing face Non-Farm Payrolls test as Trump endorses masks FX Street 3 years Open interest in Gold futures markets reversed a multi-session uptrend and shrunk by nearly 6.1K contracts on Wednesday, in light of advanced data from CME Group. Volume, instead, rose for the second session in a row, now by around 72.8K contracts. Gold could re-test the 55-day SMA at $1,725/oz Prices of the ounce troy of Gold corrected lower after hitting fresh YTD peaks around $1,790 on Wednesday. The correction lower came amidst declining open interest, signalling that a deeper pullback looks unlikely in the short-term horizon. That said, the precious metal could test the $1,725 level before resuming the upside. 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.
