Extra gains in store near term – Crypto News – Crypto News
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Odds of a short squeeze in XAU/USD are notably declining – TDS Odds of a short squeeze in XAU/USD are notably declining – TDS

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Extra gains in store near term – Crypto News

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CME Group’s flash data for gold futures markets noted traders increased their open interest positions for a third session in a row on Monday, this time by more than 8K contracts. Volume, instead, shrank for the second straight session, now by around 23.7K contracts.

Gold now targets the 100-day SMA

Prices of the troy ounce golden extended the rebound from last week’s lows into the sub-$1900 region at the beginning of the week. The decent advance was on the back of rising open interest, which is indicative that further upside remains on the table for the time being. In the meantime, additional gains should meet temporary resistance at the 100-day SMA, today at $1945.

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