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
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.95% Silver: 0.79% Gold: 0.50% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/hhicQTxgnK
  • France's Le Drian says hopeful a compromise can be reached at European Council Meeting on Dec 10-11 $GBP
  • Heads Up:🇺🇸 Michigan Inflation Expectations Final (NOV) due at 15:00 GMT (15min) Expected: 2.8% Previous: 2.6% https://www.dailyfx.com/economic-calendar#2020-11-25
  • Heads Up:🇺🇸 Michigan 5 Year Inflation Expectations Final (NOV) due at 15:00 GMT (15min) Expected: 2.6% Previous: 2.4% https://www.dailyfx.com/economic-calendar#2020-11-25
  • Heads Up:🇺🇸 Personal Income MoM (OCT) due at 15:00 GMT (15min) Expected: 0% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2020-11-25
  • Heads Up:🇺🇸 Personal Spending MoM (OCT) due at 15:00 GMT (15min) Expected: 0.4% Previous: 1.4% https://www.dailyfx.com/economic-calendar#2020-11-25
  • Heads Up:🇺🇸 PCE Price Index MoM (OCT) due at 15:00 GMT (15min) Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-11-25
  • Heads Up:🇺🇸 Core PCE Price Index MoM (OCT) due at 15:00 GMT (15min) Expected: 0% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-11-25
  • Heads Up:🇺🇸 New Home Sales MoM (OCT) due at 15:00 GMT (15min) Expected: 1.5% Previous: -3.5% https://www.dailyfx.com/economic-calendar#2020-11-25
  • Heads Up:🇺🇸 Michigan Consumer Sentiment Final (NOV) due at 15:00 GMT (15min) Expected: 77 Previous: 81.8 https://www.dailyfx.com/economic-calendar#2020-11-25
Where Might we Buy Gold Prices?

Where Might we Buy Gold Prices?

2013-10-24 15:00:00
David Rodriguez, Head of Product
Share:
ssi_GOLD_body_Picture_19.png, Where Might we Buy Gold Prices?

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

GoldRetail FX traders remain long Gold versus the US Dollar, and a contrarian view of crowd sentiment leaves us modestly in favor of XAUUSD weakness.

Trade Implications – Gold: Our trading bias on Gold prices is admittedly mixed here; while crowds are long, they have mostly scaled back recent buying. Our Senior Market Strategist recently wrote that a Gold price break above $1321 would signal further gains are likely, and indeed it seems as though a test of near-term resistance at $1350 is imminent.

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

ssi_GOLD_body_Picture_20.png, Where Might we Buy Gold Prices?

Automate our SSI-based trading strategies via Mirror Trader free of charge

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.

DISCLOSURES