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
EUR/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
Oil - US Crude
Bullish
Wall Street
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
Gold
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
USD/JPY
Bearish
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
More View more
Real Time News
  • Sterling took a sharp leg higher Thursday after comments from European Commission President Ursula von der Leyen hit the wires. Get your $GBPUSD market update from @nickcawley1 here: https://t.co/g96kJ9sgC1 https://t.co/f82OhCDPaP
  • Fed's Kashkari says he wanted stronger commitment to zero interest rates, wanted the Fed to vow to wait on rate hikes until core inflation is at 2% for roughly a year $USD
  • Heads Up:🇷🇺 Unemployment Rate (AUG) due at 13:00 GMT (15min) Expected: 6.2% Previous: 6.3% https://www.dailyfx.com/economic-calendar#2020-09-18
  • 🇨🇦 Retail Sales MoM (JUL) Actual: 0.6% Expected: 1% Previous: 23.7% https://www.dailyfx.com/economic-calendar#2020-09-18
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.23%, while traders in NZD/USD are at opposite extremes with 71.01%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/YEUwBPYeOK
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.37% 🇳🇿NZD: 0.16% 🇬🇧GBP: -0.11% 🇨🇦CAD: -0.14% 🇨🇭CHF: -0.25% 🇦🇺AUD: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Q0GhFOje4u
  • Heads Up:🇨🇦 Retail Sales MoM (JUL) due at 12:30 GMT (15min) Expected: 1% Previous: 23.7% https://www.dailyfx.com/economic-calendar#2020-09-18
  • Heads Up:🇷🇺 CBR Press Conference due at 12:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-18
  • US will ban people from downloading TikTok and We Chat from the 20th of September
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out: https://t.co/td5WA4hCZC https://t.co/7eR2z8LA3V
Gold Prices Remain at Risk of Further Declines

Gold Prices Remain at Risk of Further Declines

2014-05-09 15:05:00
David Rodriguez, Head of Product
Share:
Gold Prices Remain at Risk of Further Declines

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

GOLD Forex trading crowds remain aggressively long Gold versus the US Dollar, and a contrarian view of crowd sentiment leaves us looking for further losses.

Trade Implications GOLDLast week we noted that Gold may have set an important low as it bottomed into a key cyclical turn window. Yet failure at key resistance of $1315 keeps our short-term focus to the downside, and indeed a break below $1270 would instill further confidence in our calls for Gold price weakness.

See next currency section: GBPJPY - Forex Sentiment Sounds Warning on GBPJPY Uptrend

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

Gold Prices Remain at Risk of Further Declines

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