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.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
Gold
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
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
Bitcoin
Bearish
More View more
Real Time News
  • $USDCAD is attempting to break monthly opening-range and leaves the risk lower for now while within this formation.. Get your USD/CAD technical analysis from @MBForex here: https://t.co/bV9RZ9iQHk https://t.co/93KYC60ae5
  • Fed's Kashkari: - Consecutive 2019 rate cuts work to bolster housing sector
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.21% 🇪🇺EUR: -0.04% 🇨🇭CHF: -0.12% 🇦🇺AUD: -0.24% 🇬🇧GBP: -0.55% 🇯🇵JPY: -1.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/RRaUMu1fF7
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: US 500: 0.59% Wall Street: 0.48% France 40: 0.02% Germany 30: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/QrCuqNulgK
  • $XAUUSD finds intraday support around 1600 psychological level.
  • #Silver is doing its best to trade higher, and with #gold very near a breakout above 1611 we might see it try and on through its own January 8 high at 18.85. Get your metals technical analysis from @PaulRobinsonFX here: https://t.co/LgcliBAvve https://t.co/Wnq7GaJOoW
  • The 10-year to 3-month Treasury yield curve has inverted again. Here is is overlaid with the $SPX and a 10-day (red) and 60-day (blue) correlation https://t.co/8V1EfN9lsA
  • Going live in 5 for today's #stockmarket webinar where we'll talk major levels and underlying fundamentals in the current $SPX rally Join here - https://t.co/rmwDACaTEA https://t.co/cruwUwyA8p
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.09% 🇪🇺EUR: -0.05% 🇨🇭CHF: -0.09% 🇦🇺AUD: -0.32% 🇬🇧GBP: -0.50% 🇯🇵JPY: -0.99% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/wgWwdD5x3d
  • EU Trade Chief Hogan: - US-China Phase one trade deal is not likely to comply with WTO - EU to focus on assessing US-China Phase one trade deal for weeks more
Indicator Accurately Called Gold Rally - Now What?

Indicator Accurately Called Gold Rally - Now What?

2016-02-03 17:00:00
David Rodriguez, Head of Product
Share:
Indicator Accurately Called Gold Rally - Now What?

Why and how do we use the SSI in trading? View our video and download the free indicator here

Gold– Our retail forex trader data accurately called a major Gold Price rally last week, and a sustained shift in sentiment leaves us plainly in favor of further near-term XAU/USD gains.

There are currently 1.3 Gold positions short for every 1 long; a contrarian view of crowd positions calls for continued strength. In fact, total short interest has surged by 22 percent as long interest fell 12 percent over the course of the past week. The combination of the recent price rally and sharp turn in positions points higher in XAU/USD until we see sentiment move sharply in the opposite direction.

See next currency section:EURUSD - Euro Breakout is the Real Deal

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

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

News & Analysis at your fingertips.