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
Caution on Chasing Gold Gains as Crowds Buy

Caution on Chasing Gold Gains as Crowds Buy

David Rodriguez, Head of Product
ssi_xauusd_body_Picture_17.png, Caution on Chasing Gold Gains as Crowds Buy

GoldRetail forex traders have bought into Gold Price weakness against the US Dollar (ticker: USDOLLAR), and a contrarian view of crowd sentiment leaves us in favor of further Gold price losses.

Trade Implications – Gold: There are currently more than two retail traders long Gold for every one that is short, and indeed that ratio has grown since last week. Our Senior Technical Strategist has advocated going long Gold as long as it remains above 1575, but retail sentiment suggests there is scope for short-term declines within the broader uptrend.

--- Written by David Rodriguez, Quantitative Strategist for

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, Caution on Chasing Gold Gains as Crowds Buy

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

Facebook at

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