Risk Management

Gold Futures: Room for further decline

Rolled one hundred dollar bill with Candlestick charts as a concept of Stock trading or Stock background

CME Group’s flash records for gold futures markets referred to open activity rose for the 1/3 session in a row on Monday, this time by means of round 1.8K contracts. Volume, instead, resumed the downtrend and dropped by means of spherical 1.6K contracts following the preceding day build.

Gold ought to revisit the 2022 low close to $1,615
Gold expenses retreated as soon as once more at the establishing of the week amidst rising open interest, which ought to be supportive for a deeper retracement in the very close to term. Against that, there is nonetheless the threat for bullion to revisit the 2022 low close to the $1,615 degree per ounce troy (September 28).


Related posts
Risk Management

JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

AUD/JPY drops 50 pips as Australia inflation, employment numbers disappoint Aussie buyers. Looming…
Read more
Risk Management

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

European Central Bank (ECB) Governing Council member Gabriel Makhlouf stated on Tuesday that the ECB…
Read more
Risk Management

Gold Futures: Green light for further gains

Open activity in gold futures markets left in the back of 4 consecutive each day drops and rose by…
Read more
Become a Trendsetter
Sign up for Davenport’s Daily Digest and get the best of Davenport, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *