Risk Management

Gold Futures: Some consolidation looks likely

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Open activity in gold futures markets rose for the 2d session in a row on Friday, this time by way of simply 270 contracts in accordance to preliminary readings from CME Group. Volume, instead, prolonged the ongoing choppiness and shrank by using round 26.8K contracts.

Gold seems supported round $1,680
Gold expenses retested the top quit of the vary close to $1,730 on Friday, simply to provide away phase of these positive aspects afterwards. The pass used to be accompanied with the aid of a small enlarge in open activity and a marked retracement in volume, which should enable for some more positive aspects in the very close to time period though usually inside the prevailing vary certain theme. In the meantime, the $1,680 area nevertheless emerges as first rate contention.


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