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.



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 Price Forecast May have Finally Turned

Gold Price Forecast May have Finally Turned

David Rodriguez, Head of Product

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

Gold– Our retail forex trader data shows the majority of traders remain short Gold prices versus the US Dollar, and a contrarian view of crowd sentiment has led us to call for continued price gains. Yet the most recent XAU/USD decline has been met with buying and gives us pause in our long-standing bullish trading bias.

A failure to hold key short-term support would act as confirmation that the trend has indeed turned. Watch for strong price reactions surrounding the $1230 mark.

See next currency section: DAX - German DAX Targets Further Highs until this Changes

--- 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.