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 Likely to hit Key Range Highs

Gold Price Likely to hit Key Range Highs

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– Retail FX traders continue to sell into Gold price strength, and a contrarian view of crowd sentiment suggests XAU/USD may trade onto fresh highs. Past performance is not indicative of future results, but our data suggests that going against the crowd has been a winning strategy overall. Yet the same data shows retail traders tend to outperform in slow-moving market conditions.

The key caveat to our calls for Gold strength are therefore straightforward: going against the ‘crowd’ could work against us if the XAU/USD exchange rate sticks to its tight range. Ultimately we think Gold is likely to test range highs, but we would ideally see a rise in volatility before taking a stronger bullish trading bias.

See next currency section: DAX - German DAX Uptrend Remains Intact

--- 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.