News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Gold Bounces but We See Further Declines in Store

Gold Bounces but We See Further Declines in Store

2014-02-06 15:45:00
David Rodriguez, Head of Product
Share:
ssi_GOLD_body_Picture_19.png, Gold Bounces but We See Further Declines in Store

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

GoldRetail FX traders remain long Gold against the US Dollar, and a contrarian view of crowd sentiment as well as failure at key technical resistance leaves us focused on further weakness.

Trade Implications – Gold: It’s certainly possible that Gold has set a double-bottom in the $1,180-1,200 range. Yet we would need to see a much larger shift in sentiment to call for a major reversal in the precious metal.

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

ssi_GOLD_body_Picture_20.png, Gold Bounces but We See Further Declines in Store

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES