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Gold remains stuck in consolidation and has been trending sideways for the five days. Consolidation is occurring just below resistance represented by the purple 20-Day MA, currently at 2,330, and the 38.2% Fibonacci retracement at 2,322. The 38.2% price zone previously represented support and now resistance. Further, gold remains under a bear flag that ...
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Overnight, LME copper prices opened at $9,953/mt and fell to $9,951.5/mt, but then rose to $10,118/mt before closing at $10,009.5/mt, up 0.96%. Trading volume was 27,000 lots and open interest stood at 334,000 lots. Overnight, the most-traded SHFE 2406 copper contract opened at 80,520 yuan/mt, with its session low and high at 80,420 yuan/mt and 80,890 ...