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. See our updated Privacy Policy here.

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
Subscribe
Please try again
Oil - US Crude
Mixed
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
More View more
Gold Prices Likely Set Significant Peak

Gold Prices Likely Set Significant Peak

David Rodriguez, Head of Product
ssi_GOLD_body_Picture_18.png, Gold Prices Likely Set Significant Peak

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

GOLDRetail traders have bought aggressively into recent Gold price declines versus the US Dollar, and the important shift in sentiment suggests that the XAU/USD exchange rate likely set an important peak.

Trade Implications GOLDThe majority of traders had turned short Gold as it crossed above the $1275 level and consistently sold until just three days ago as it reversed sharply from multi-month peaks. The fact that crowds are now buying into weakness as we see technical evidence of a XAUUSD reversal leaves us watching for further weakness.

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

ssi_GOLD_body_Picture_10.png, Gold Prices Likely Set Significant Peak

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

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

DISCLOSURES