XauUsd,Gc,Gold

Annual prices for gold futures showed high growth relative to the end of 2019. The main hedge funds in 2020 significantly aimed to reduce the long position on gold futures.

Also, the main positions on the gold futures by many market participants are transferred to the real price segment of the market for a gold ounce. The expiration of contracts in January 2020 will open the way for a decrease in quotations in the range to the average of 1322 dollars per Troy ounce.

The main market pool for short positions was concentrated at the price of 1488 dollars .






This post is not a guide to action and does not contain a trade recommendation


Prepared by IKS Analytics Group