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.

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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.39% 🇬🇧GBP: 0.30% 🇪🇺EUR: 0.29% 🇳🇿NZD: 0.21% 🇨🇦CAD: 0.14% 🇯🇵JPY: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/j4fJPDEY10
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: US 500: 0.78% Wall Street: 0.51% France 40: 0.01% Germany 30: -0.11% FTSE 100: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/iShSJAHcN2
  • Euro Price Forecast: EUR/USD Perched Atop 200-MA with ECB In Focus - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/03/09/Euro-Price-Forecast-EURUSD-Perched-Atop-200-MA-with-ECB-In-Focus.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $EUR $EURUSD https://t.co/louQGcvBI5
  • Traders focus a lot of their energy on spotting the perfect time to enter a trade. While this is important, it is ultimately where traders choose to exit trades that will determine success. Learn about the three types of trading exit strategies here: https://t.co/muYkTNXH7s https://t.co/17PKF2fWMh
  • 🇩🇪 Balance of Trade s.a (JAN) Actual: €22.2B Expected: €16.4B Previous: €16.4B https://www.dailyfx.com/economic-calendar#2021-03-09
  • 🇩🇪 Balance of Trade (JAN) Actual: €14.3B Previous: €15.2B https://www.dailyfx.com/economic-calendar#2021-03-09
  • 🇩🇪 Balance of Trade (JAN) Actual: €14.3B Previous: €14.8B https://www.dailyfx.com/economic-calendar#2021-03-09
  • 🇩🇪 Balance of Trade s.a (JAN) Actual: €22.2B Expected: €16.4B Previous: €16.1B https://www.dailyfx.com/economic-calendar#2021-03-09
  • Brush up your knowledge on #tradewars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here: https://t.co/ZWaL6laTU5 https://t.co/1gdOjST2dn
  • Heads Up:🇩🇪 Balance of Trade s.a (JAN) due at 07:00 GMT (15min) Expected: €16.4B Previous: €16.1B https://www.dailyfx.com/economic-calendar#2021-03-09
Gold May Rally Further as Crowds Go in Opposite Direction

Gold May Rally Further as Crowds Go in Opposite Direction

David Rodriguez, Head of Product
ssi_xauusd_body_Picture_17.png, Gold May Rally Further as Crowds Go in Opposite Direction

XAUUSDRetail forex traders have scaled back their Gold purchases versus the US Dollar (ticker: USDOLLAR), and the short-term shift in positions suggests the Greenback may slide further versus the resurgent precious metal.

Trade Implications – XAUUSD: We’ve continued to cite extremely net-long retail trader positioning on XAUUSD as a key risk to watch for declines, but the recent correction in positioning actually leaves us modestly bullish. Our Senior Technical Strategist first advocated going long Gold on February 28, and the XAUUSD position remains valid as long as price remains above 1575.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

ssi_xauusd_body_1a_3.png, Gold May Rally Further as Crowds Go in Opposite Direction

View how to automate the high-volatility Breakout2 Trading System via our previous article and webinar recording.

Auto trade the trend reversal-trading Momentum2system via our previous article and webinar recording.

Trade with strong trends via our Momentum1 Trading System and view an archived webinar

Use our counter-trend Range2 Trading system and view an archived webinar guide on automation

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

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

DISCLOSURES