Traders continued to trim their open interest positions in Gold futures markets on Tuesday, this time by around 18.8K contracts, as per flash data from CME Group. It is worth mentioning that open interest has been declining since January 24th. On another direction, volume reversed four drops in a row and increased by around 32.5K contracts. Gold expected to move sideways The recent decline in prices of the ounce troy of Gold appears to have met solid contention near the $1550 mark, where sits a Fibo retracement of the December-January rally. Tuesday’s negative price action was on the back of rising open interest and lower volume, signalling that further rangebound should be on the cards in the short-term horizon at least. 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 US: Trump win is not done – Standard Chartered FX Street 2 years Traders continued to trim their open interest positions in Gold futures markets on Tuesday, this time by around 18.8K contracts, as per flash data from CME Group. It is worth mentioning that open interest has been declining since January 24th. On another direction, volume reversed four drops in a row and increased by around 32.5K contracts. Gold expected to move sideways The recent decline in prices of the ounce troy of Gold appears to have met solid contention near the $1550 mark, where sits a Fibo retracement of the December-January rally. Tuesday’s negative price action was on the back of… 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.
