/GC on the Dec 10, 2017

For a set of net shorts, gold needs to raise the price to at least 1300, attract new customers, sell them goods and continue to wait for the price drop.

Gold futures met expectations – the price touched $ 1300 twice, and, not being above this level, fell to the current level of $ 1250.

Commercial began to liquidate some short position, as evidenced by the reduction in open interest.

Now we need to see how the market behaves in the region of $1250 – $1240.

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