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Dec ’23 Gold Contract Changes Showing Interesting Movements

Dec ’23 contract for gold prices has been consolidating around $2,000, bulls hold grip for now

01/11/2023 12:14 PM SGT

Author: Hugo Pascal

🟢 Open interest increased by 47,700 (47.8 m ounces) lots since Oct 5 low

🟢 Call wall increased from $2,000 to $2,100

🟢 Next level to the upside $2,030

🟢 Gold skew remains high(traders bidding OTM calls)

🔴 RSI is getting overbought

Graph about gold stocks on 01/11/2023

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