Open interest in gold futures markets shrunk by nearly 15.5K contracts on Friday according to flash data from CME Group. In the same line, volume went down for the second session in a row, this time by around 29.1K contracts. Gold appears capped by $1,880/oz Friday’s price action in gold was amidst shrinking open interest and volume, hinting at the likeliness that further gains could lose momentum in the very near-term. That said, the 100-day SMA around $1,880 per ounce emerges as the next interim resistance for the time being. 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/INR Price News: Indian rupee refreshes five-month top below 73.00, Union Budget in focus FX Street 1 year Open interest in gold futures markets shrunk by nearly 15.5K contracts on Friday according to flash data from CME Group. In the same line, volume went down for the second session in a row, this time by around 29.1K contracts. Gold appears capped by $1,880/oz Friday’s price action in gold was amidst shrinking open interest and volume, hinting at the likeliness that further gains could lose momentum in the very near-term. That said, the 100-day SMA around $1,880 per ounce emerges as the next interim resistance for the time being. 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.
