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Gold IG Client Sentiment: Our data shows traders are now net-short Gold for the first time since May 20, 2024 when Gold traded near 2,427.18.

Gold IG Client Sentiment: Our data shows traders are now net-short Gold for the first time since May 20, 2024 when Gold traded near 2,427.18.

Research, Research Team

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Gold Client Positioning

Number of traders net-short has increased by 24.22% from last week.

SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OI
GoldBULLISH49.91%50.09%

2.00% Daily

-16.11% Weekly

5.00% Daily

24.22% Weekly

3.48% Daily

0.19% Weekly

Gold Mixed
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 3% -5% -1%
Weekly 0% 4% 2%
What could changes and extremes in retail trading signal for the market?
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Gold: Retail trader data shows 49.91% of traders are net-long with the ratio of traders short to long at 1.00 to 1. In fact, traders have remained net-short since May 20 when Gold traded near 2,427.18, price has moved 2.07% lower since then. The number of traders net-long is 2.00% higher than yesterday and 16.11% lower from last week, while the number of traders net-short is 5.00% higher than yesterday and 24.22% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Gold prices may continue to rise.

Our data shows traders are now net-short Gold for the first time since May 20, 2024 when Gold traded near 2,427.18. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bullish contrarian trading bias.

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