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
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
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
USD/JPY
Bullish
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
Bearish
Oil - US Crude
Bullish
Bitcoin
Mixed
More View more
Real Time News
  • #Nasdaq: The widely-watched #FAANG group could fall to the wayside if Netflix’s earnings disappoint. Get your market update from @PeterHanksFX here: https://t.co/pDFxAlDVe2 https://t.co/X0ZDTPwjRu
  • Heads Up:🇳🇿 NZD Consumer Price Index (YoY) (3Q) due at 21:45 GMT (15min), Actual: N/A Expected: 1.4% Previous: 1.7% https://www.dailyfx.com/economic-calendar#2019-10-15
  • Heads Up:🇳🇿 NZD Consumer Price Index (QoQ) (3Q) due at 21:45 GMT (15min), Actual: N/A Expected: 0.6% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2019-10-15
  • $EURCHF Daily Pivot Points: S3: 1.0879 S2: 1.0942 S1: 1.0971 R1: 1.1035 R2: 1.1069 R3: 1.1132 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • SKEW tail risk volatility indicator is currently at its highest level since July 29. Finally waking up it seems. What a leading indicator <end sarcasm>
  • Fed's Daly: -Sees US economy, FOMC policy in good place -Too soon to make sense of recent yield curve steepening -Wants 2% inflation achieved sustainably within a year -Data dependence still key for Fed policy
  • If you are harboring any designs for the Kiwi Dollar trades or have exposure, we have a 3Q CPI update coming shortly
  • $GBPUSD Daily Pivot Points: S3: 1.199 S2: 1.2289 S1: 1.2469 R1: 1.2768 R2: 1.2887 R3: 1.3185 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.40% 🇨🇦CAD: 0.28% 🇪🇺EUR: 0.05% 🇨🇭CHF: -0.16% 🇦🇺AUD: -0.30% 🇯🇵JPY: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/mniVWFo2RE
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.09% Gold: -0.81% Silver: -1.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fkMLmNBNWw
Gold Price Trend May Soon Reverse Higher per Sentiment

Gold Price Trend May Soon Reverse Higher per Sentiment

2019-04-11 15:00:00
Nancy Pakbaz, CFA, Markets Writer
Share:

Gold

NET-SHORT POSITIONS INCREASED BY 14% FROM LAST WEEK.

Spot Gold: Retail trader data shows 73.0% of traders are net-long with the ratio of traders long to short at 2.71 to 1. The number of traders net-long is 7.6% lower than yesterday and 4.7% lower from last week, while the number of traders net-short is 9.8% higher than yesterday and 14.0% higher from last week.

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 15:00 GMT

Wednesday 00:00 GMT

Wednesday 12:30 GMT

Thursday 21:00 GMT

(click on one of the above times to enroll)

Change in Positioning Favors Potential Reversal

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.

--- 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.