Why and how do we use the SSI in trading? View our video and download the free indicator here
Gold– Retail traders have most recently sold into Gold price strength, and a contrarian view of crowd sentiment points to further gains. We nonetheless highlighted the key difficulty last week: retail traders will often outperform in choppy and range-bound trading conditions.
All else equal, we believe that a move above $1250 seems likely. Yet we would need to see a marked shift in volatility to call for a larger break higher.
See next currency section: DAX - German DAX May Stick to Tight Trading Range
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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