Gold Prices Stuck in Downtrend
Trade Implications – Gold: Last week we cited a build in forex crowd selling as a key reason on why Gold may outperform versus the US Dollar, but we’ve failed to see real follow-through on positions or price. We’ll wait for further clarification in positions before staking out a stronger trading bias.
--- 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.
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.