Skip to Content
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.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
Gold Price Forecast to Fall Further versus Dollar

Gold Price Forecast to Fall Further versus Dollar

David Rodriguez, Head of Product

Share:

Why and how do we use the SSI in trading? View our video and download the free indicator here

Gold– Retail forex traders remain aggressively long Gold versus the US Dollar, and a contrarian view of crowd sentiment warns of further near-term weakness. Indeed our data shows that total long positions in XAU/USD outnumber those short by a notable 2.8 to 1. Until we see a pronounced shift we will maintain our calls for continued Gold price declines.

See next currency section: EURUSD - Euro Forecast Turns Bearish as Crowds Buy

--- 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.

DISCLOSURES