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
Mixed
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
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
Real Time News
  • #Dollar Price Outlook: $USD Technical Breakdown at Yearly Open Support - $DXY Levels - https://t.co/ZjMeUwZjLw https://t.co/0pZfe8Cxt3
  • Trump says we will be announcing an incentive with taxes soon $SPX
  • U.S. New York Fed Staff Nowcast for Q2 at -25.5%, previously -35.5% $DXY $SPX
  • I expect leaders to be cheerleaders for their economies, but President Trump saying the US recovery is "better than a 'V' - it's a rocket ship" definitely raises the bar for me
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.97% 🇳🇿NZD: 0.64% 🇨🇦CAD: 0.56% 🇪🇺EUR: -0.23% 🇯🇵JPY: -0.56% 🇨🇭CHF: -0.76% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/lmPKxB1EzP
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: 3.08% Germany 30: 2.78% Wall Street: 2.77% US 500: 2.27% FTSE 100: 1.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/yQmQ8EWvTP
  • Trump says his views on trade deal with China have changed - BBG
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 4.29% Gold: -1.98% Silver: -2.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/8aR4gEMvpN
  • The Nasdaq ($NDX) has advanced along with most of its peers after the NFPs surprise, but it is notably lagging the enthusiasm of the Dow's and SPX's gap higher. Here is NDX overlaid with the NDX to SPX ratio in red https://t.co/MDxyPr0YAf
  • The Dow enjoyed its biggest bullish gap higher on the open since April 7th. A statement clearing the 200-day moving average. NFPs is back as a market mover https://t.co/DzE0h8AV5B
Gold Sentiment Prompts a Mixed Bias

Gold Sentiment Prompts a Mixed Bias

2018-12-06 21:30:00
Fan Xu,
Share:
IG Client Sentiment Chart

76% of Traders are Net-Long

Spot Gold: Retail trader data shows 76.5% of traders are net-long with the ratio of traders long to short at 3.26 to 1. The number of traders net-long is 1.8% lower than yesterday and 5.5% lower from last week, while the number of traders net-short is 7.6% lower than yesterday and 17.8% higher 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 is Unable to Provide a 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 more net-long than yesterday but less net-long from last week. The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.

--- Written by Fan Xu, DailyFX Research

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

DISCLOSURES

News & Analysis at your fingertips.