XAUUSD CME Group gold futures market snapshot shows traders reduced their open interest positions in another session on Monday, this time by around 1.2k contracts. Volume followed and fell for the second straight session, currently nearing 50,000 contracts.A good start to the week saw gold prices rise further on Friday amid shrinking volumes and open interest. That said, a continuation of the recovery doesn't seem to be in favor for the time being, instead allowing for some corrective moves. Meanwhile, the $1980 per troy ounce area still curtails bullish attempts from time to time.
First I want to wish everyone a profitable and lucky new month. To start this luck I would expect a buy signal around 1953$. We will profit from this strategy when trading with me
Note
The strategy is active, everything is going according to my prediction and I am satisfied with itTrade active
Gold follows my prediction, and is in the buy signal zoneNote
Signal is ready. Let's follow
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.