0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Bearish
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
Gold
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
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Gold:79% of Traders Are Net-Long

Gold:79% of Traders Are Net-Long

2019-03-08 18:20:00
Nancy Pakbaz, CFA, Markets Writer
Share:
Gold

NUMBER OF NET-LONG TRADERS ARE 15% HIGHER FROM LAST WEEK

Spot Gold: Retail trader data shows 79.0% of traders are net-long with the ratio of traders long to short at 3.77 to 1. The number of traders net-long is 0.2% lower than yesterday and 15.0% higher from last week, while the number of traders net-short is 8.1% lower than yesterday and 23.6% lower from last week.

GOLD SENTIMENT CONTINUES TO SUGGEST A BEARISH TRADING BIAS

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.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

Tuesday 20:00 GMT

Wednesday 12:30 GMT

Thursday 18:00 GMT

(click on one of the above times to enroll)

--- Written by Nancy Pakbaz, CFA, DailyFX Research

Follow Nancy on Twitter @NancyPakbazFX

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

DISCLOSURES

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.