August Gold (GCQ8)

Currently the Comex August 100 oz gold future is the most active contract (GCQ8) , open interest for this contract is 257,894 according to NYMEX website.GCQ7 topped at 03/17/2008 @ 1039.8$ and recently bottomed at 05/02/2008 @850.5$. The trading range this year was ~190$ so far.Since the 05/02/2008 bottom gold managed to climb ~90$ but then pulled back and lost most of the gain. Support

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