Open interest in Gold futures markets went down for the second session in a row on Monday, this time by around 15.3K contracts, as per preliminary figures from CME Group. In the same line, volume retreated by around 180K contracts after two consecutive builds. Gold could now attempt a correction lower The ounce troy of gold briefly printed fresh 2020 highs above the key barrier at $1,700 on Monday. The move up, however, was in tandem with declining open interest and volume, noting that short covering was behind the advance. Against this backdrop and adding the divergence in the daily RSI, a corrective downside in the near-term looks the most likely scenario. 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: Dollar dominates after the coronavirus crash amid Trump’s tax promises, Chinese hopes FX Street 3 years Open interest in Gold futures markets went down for the second session in a row on Monday, this time by around 15.3K contracts, as per preliminary figures from CME Group. In the same line, volume retreated by around 180K contracts after two consecutive builds. Gold could now attempt a correction lower The ounce troy of gold briefly printed fresh 2020 highs above the key barrier at $1,700 on Monday. The move up, however, was in tandem with declining open interest and volume, noting that short covering was behind the advance. Against this backdrop and adding the divergence in the daily… 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.
