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
Gold Prices Forecast to hit Further Highs

Gold Prices Forecast to hit Further Highs

David Rodriguez, Head of Product
Gold Prices Forecast to hit Further Highs

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

Gold– One-sided retail FX trader positioning warns that gold prices may continue higher, and indeed the same trader sample has called for XAU/USD gains through the past three weeks of trading.

Our data shows that the retail trading crowd remains marginally net-short Gold versus the US Dollar; a contrarian view of such leads us to call for further rallies. It is worth noting that positions have actually moderated since last week, and a mere 53 percent of open XAU/USD positions are currently short. Yet we would need to see a substantive shift towards crowd selling before calling for a meaningful reversal.

See next currency section:DAX - German DAX Shows Clear Signs of Turnaround

--- 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.

Contact David via

Twitter at

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