Gold Futures: Scope for a corrective move near term

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Gold Futures: Scope for a corrective move near term – by pabspiovano Gold Commodities Metals OpenInterest Futures

ound 1.2K contracts. Volume followed suit and dropped fir the second session in a row, now by nearly 50K contracts.prices adding to Friday’s advance amidst shrinking open interest and volume. That said, the continuation of the rebound appears not favoured for the time being, allowing for some corrective move instead. In the meantime, the $1980 region per troy ounce still caps occasional bullish attempts.

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