Gold Futures (GC): Prices Pull Back on Weak Demand for Gold

COMEX:GC1!   Gold Futures
The main trend is down. After a weak closing on Thursday, expecting further pull back on Friday. If prices bounce off of $1682 level, then the market may trade within a range from $1682 bottom to $1737 top. If $1682 is broken, the next downside targets are Fib levels at $1660 (0.618) and $1620 (0.5). RSI indicator is pointing toward lower prices.


many thanks
any idea why some ppl prefer to trade GC futures gold when the can trade XAUUSD spot gold without getting worried about futures contract expiry ??
mansi0308 roseandsong
. it is friday 5 june today now spot gold price is 1712 usd, today it should make low 1690 , 1667 usd because it has made out side candel in weekly chart.
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