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.

Free Trading Guides
EUR/USD
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
Mixed
USD/JPY
Bullish
Gold
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
Oil - US Crude
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
Bitcoin
Bearish
More View more
Real Time News
  • Fascinating read. Highly recommend. https://t.co/ZU71iqJzXe
  • The #Euro has stalled after brief recovery against the US Dollar. The dominant price trend bias continues to favor weakness on the horizon. Get your $EURUSD market update from @IlyaSpivak here:https://t.co/ooJMpdE8xq https://t.co/yT5oj0G82s
  • #USDCHF pivot points (daily) – S3: 0.985, S2: 0.9886, S1: 0.9908, R1: 0.9943, R2: 0.9957, R3: 0.9993- https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • RT @lisaabramowicz1: Hedge-fund firms reported the eighth straight month of client redemptions in October, the longest stretch of withdrawa…
  • RT @KyleR_IG: 2 down, 5 to go. Australia's was poor, this is in-line. Europe's likely the most significant now. A meet, or better yet, beat…
  • Japan’s benchmark #Nikkei 225 stock index may be on course break a three-month uptrend, making good on an early warning signal from the $USDJPY exchange rate. Get your market update from https://t.co/jja7S4b74k
  • 🇯🇵 JPY Nikkei Japan PMI Manufacturing (NOV P), Actual: 48.6 Expected: N/A Previous: 48.4 https://www.dailyfx.com/economic-calendar#2019-11-22
  • USD/CAD Price May Drop, Euro Braces for New Trump EU Trade Probe? $USDCAD #Euro #TradeWars - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2019/11/22/USDCAD-Price-May-Drop-Euro-Braces-for-New-Trump-EU-Trade-Probe.html?CHID=9&QPID=917702 https://t.co/XjHNhX1vcL
  • Heads Up:🇯🇵 JPY Nikkei Japan PMI Manufacturing (NOV P) due at 00:30 GMT (15min), Actual: N/A Expected: N/A Previous: 48.4 https://www.dailyfx.com/economic-calendar#2019-11-22
  • 🇯🇵 JPY National Consumer Price Index Ex-Fresh Food (YoY) (OCT), Actual: 0.4% Expected: 0.4% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2019-11-21
Gold Price Outlook Remains Bullish until this Changes

Gold Price Outlook Remains Bullish until this Changes

2016-04-21 16:20:00
David Rodriguez, Head of Business Development
Share:
Gold Price Outlook Remains Bullish until this Changes

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

Gold– Retail FX traders have sold aggressively into recent Gold price strength, and a contrarian view of crowd sentiment favors a XAU/USD rally onto fresh highs. It’s important to note that this isn’t the first time we’ve called for a breakout; the ‘crowd’ has turned decisively net-short gold prices at a handful of key XAU/USD tops in the past three months. And indeed there’s no way to know whether this is yet another instance in which traders turn short into market reversals.

A sustained shift towards selling would nonetheless keep us bullish, and a run towards yearly highs remains likely until the opposite occurs and crowds begin buying.

See next currency section:DAX - German DAX Likely to Hit Fresh Highs

--- 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

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

DISCLOSURES

News & Analysis at your fingertips.