Skip to Content
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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Gold: Weekly Net-Short Positions Fall 29% Sparking a Bearish Bias

Gold: Weekly Net-Short Positions Fall 29% Sparking a Bearish Bias

Jake Schoenleb, Contributor
What's on this page
Spot Gold Client Positioning

89% of Retail Traders are Net-Long

Spot Gold: Retail trader data shows 89.5% of traders are net-long with the ratio of traders long to short at 8.52 to 1. The number of traders net-long is 5.7% higher than yesterday and 11.4% higher from last week, while the number of traders net-short is 10.3% lower than yesterday and 29.7% 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.

Sentiment Suggests Gold Prices May Fall

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.

Recommended Reading: Weekly CoT Sentiment Update for Major FX, Commodities, and Indices

--- Written by Jake Schoenleb, DailyFX Research

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