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
Bearish
Gold
Bearish
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • #DidYouKnow the global trade volumes dropped by close to 10% amid the Great Recession. Want to know your #tradewars history? Get it here: https://t.co/f4loFVimeY https://t.co/RfxLWzeYnU
  • #GBPJPY Daily Pivot Points: S3: 141.24 S2: 141.98 S1: 142.32 R1: 143.06 R2: 143.45 R3: 144.19 https://www.dailyfx.com/pivot-points?ref=SubNav?CHID=QPID=917720
  • #crudeoil prices showing negative RSI divergence as upside momentum fades https://t.co/X88OXfjQQz
  • Since late July, the economic news flow from Sweden has been under-performing relative to economists’ expectations however there has been some improvement since early October. -Citi #SEK
  • British Pound looking at these polls like:😍 https://t.co/iJkDwR1FuP
  • Today's webinar topics: - US-China #tradewar - EU-US trade war - UK election - FOMC, ECB rate decisions - Special report on financial stability risks Assets: US Dollar outlook, EUR/USD, $SPX, crude oil, AUD/NZD, EUR/GBP, GBP/USD and more! https://www.dailyfx.com/webinars/146770987?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • - US-China trade war tensions are continuously climbing - Beijing prepared to use rare earth minerals, bureaucratic tools as leverage in trade talks - Will China push the proverbial “nuclear button”, dumping its US Treasuries portfolio? https://www.dailyfx.com/forex/fundamental/article/special_report/2019/06/18/US-Dollar-May-Sink-if-China-Dumps-Treasury-Bonds-Will-It-Happen.html
  • Some of the top event risk this week: (WED) UK’s General Election (WED) Jerome Powell Holds Post FOMC Meeting Press Conference (THRS) Christine Lagarde Speaks in Frankfurt After Policy Decision (FRI) US Retail Sales Advance (MoM) (NOV) #USD #EUR
  • (Asia Pacific AM Briefing) Canadian Dollar, BoC Outlook Jawboned by Jobs Data. Yen May Fall $USDCAD #CAD #BoC - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2019/12/09/Canadian-Dollar-BoC-Outlook-Jawboned-by-Jobs-Data-Yen-May-Fall.html?CHID=9&QPID=917702 https://t.co/1vOJzL3kt3
  • What are a few of the common trading mistakes made by traders? Find out from @WVenketas here: https://t.co/Q3sPmP2rya #tradingstyle https://t.co/LxtODdacDY
Net-Long Traders Slowly Decrease as Gold Reaches Year 2018 Lows

Net-Long Traders Slowly Decrease as Gold Reaches Year 2018 Lows

2018-08-03 21:30:00
Jack Schwarze,
Share:
XAU Gold Client Positioning and Sentiment

Traders Net-Long Decrease over Weekly Basis by 4.6%

Spot Gold: Retail trader data shows 86.0% of traders are net-long with the ratio of traders long to short at 6.15 to 1. The number of traders net-long is 8.3% lower than yesterday and 4.6% lower from last week, while the number of traders net-short is 8.3% higher than yesterday and 5.8% lower from last week.

To gain more insight to how we use sentiment to power our trading, join us for our weekly Trading Sentiment webinar.

Gold Sentiment Gives No Clear Direction

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.

--- Written by Jack Schwarze, DailyFX Research

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

DISCLOSURES

News & Analysis at your fingertips.