Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

Gold Prices Show Signs of Life, May Recover Further

By , Quantitative Strategist
10 April 2014 14:35 GMT
ssi_GOLD_body_Picture_18.png, Gold Prices Show Signs of Life, May Recover Further

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

GOLDForex trading crowds have sold aggressively into recent Gold price bounces, and our trading bias on the precious metal may soon turn bullish on a bigger shift in herd sentiment.

Trade Implications GOLDThe crowd remains net-long Gold versus the US Dollar as they bought aggressively into the break below $1390. Yet long interest is down 25 percent since last week while short positions are up by the same amount. Our Senior Strategist writes that a move above $1335 would indeed reverse our earlier calls for further Gold price weakness.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_GOLD_body_Picture_10.png, Gold Prices Show Signs of Life, May Recover Further

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

10 April 2014 14:35 GMT