What is Open interest? How can I use it to trade Gold Futures?

Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Gold Futures this number is 0. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Gold Futures shows that traders are closing their positions, which means a weakening trend.

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Futures
GOLDJ2021

Gold Futures

Overview

News Ideas Forward curve

Gold Futures chart

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MCX provides data to our registered users only, so to get it you'll need to sign up for a TradingView account.

Contract highlights

Volume

—

Open interest

—

Contract size

100DAG

Month

Apr 2021

Settlement day

Apr 05, 2021

Ideas

Gold sell on rise till ATH not break we get 2900 points upside On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profi

by JaiPrakashShuklaHarmonicTrader

gold spot or mcx update blw gold spot blw 2350 looks dwn fall till 2338--32 or blw 2330 more dwn fall til 2302$ in mcx styablw 71700 looks dwn fall 71580--310++++ where hurdel 72300 only stya abv thna mkt up side rally all eyes on middle east tension

Short

by kailashcfa33

GOLD can continue to SHINE Gold is known as a hedge against Inflation and currency devaluation. It is following the Time Cycle very well as u can see in this chart. Accumulating gold at current levels and on dips a can be a good strategy to ride the trend towards 70000 levels as long as 62000(cycle low) is held on the downsid

Long

by Chinmayonniftyy

Updated

Bold move of gold is about to hold 1. Price is out of regression, Thats an outlier movement, which explained the intensity of the impulse, its a characteristic movement of 3rd wave 2. Internal wave structures & Primary wave analysis, 5 sub wave of 3 primary wave is am extension wave, price structure is quite stiff and resembles wit

by OK_Rane

Gold MCX Future Weekly Technical Chart Analysis 15-19 Apr, 24 Gold MCX 5 June Future Technical Chart Analysis 📊 Range Point: 71843 📈 Weekly Range: 3515 🎯 Buy Above: 72615 🎯 Average At: 72201 🎯 Buy Target 1: 74015 🎯 Buy Target 2: 75358 🛑 Buyer Stoploss: 2357.88 📉 Sale Below: 71786 🎯 Sale Target 1: 69671 🎯 Sale Target 2: 68328 🛑 Seller Stoploss: 72957 Don't

by tradingmarcos

GOLD : Consolidation Gold might Consolidate between 71750 - 68500. Be ready to buy in Dips.

by maneeshaggarwal

Updated

Gap or Trap?Gap has been created in the chart. Gap analysis can reveal the phase of the trend, (beginning, middle or end). Runaway gaps are not filled immediately, showing the trend is in the middle phase. While exhaustion gaps are filled quickly, signaling the end or slowing down of trend. Gap will be fil

by Sumanyu_Aggarwal

Updated

gold mcx or spor updte edu.pur.eyes on 70600 if hold abv than nxt up side 71300-500++++ laxman Rekha 71578 if stya abv or close abv 2 days than see 72700+++++ no if d but ---- yes spot abv 2350 stya abv or close 2 days 2390-2420++++++ yes no positional sell side abv lvl hold if--

by kailashcfa33

Updated

Gold MCX Future Weekly Analysis 08-12 April Also For Options 📊 GOLD 05 APR WEEKLY FUT LEVELS 🎯 Weekly Range: 2636.00 📉 Buy at: 69692.05 🎯 Buy Target 1: 72265.05 🎯 Buy Target 2: 73272.00 📉 Average Position: 69381.00 🛑 Buyer Stoploss: 68813.38 📉 Sell at: 69069.95 🎯 Sell Target 1: 69006.95 🎯 Sell Target 2: 68000.00 🛑 Seller Stoploss: 69948.62

by tradingmarcos

gold mcx update blw after payrol data-edu. pur gold mcx stay blw 69650 or 2290 spot looks dwnn 69380--220++ in spot looks dwn 2274+++ or more where hurdel 2297 or in mcx 69888 only stya abv or close thna nxt rally possible

Short

by kailashcfa33

Updated

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News

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Forward curve

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Frequently Asked Questions

The nearest expiration date for Gold Futures is Apr 5, 2021.

The best time to sell a futures contract is when you've already made money on the investment, but still have plenty of time left before the expiration date. Thus, a good option would be to sell Gold Futures before Apr 5, 2021.

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