February gold is slowly building long-term bullish momentum on its monthly, unfortunately just as it starts to run out of time before losing its title of “most heavily traded gold contract”. By the end of January the April issue will likely hold the crown. As Feb 2022 gold heads into its last couple weeks of relevancy it is moving closer to resistance at its previous 4-month high of $1,881.90 than its new 4-month low of $1,723.70. The contract closed December at $1,828.60. For those looking ahead to the April issue, it closed December at $1,831.00 with the previous 4-month high at $1,883.30 and the previous 4-month low moved up to $1,725.00.
