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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.

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Oil - US Crude
Mixed
Wall Street
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
Gold
Bearish
GBP/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
USD/JPY
Bullish
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  • #Bitcoin starting to look extremely interesting as it carves out a Descending Triangle above $30,000 If support remains intact, a rebound back towards 33,500 looks on the cards A break of triangle resistance opening the door to a retest of the yearly high #BTC #BTCUSD https://t.co/0Su2gcNFag
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  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Gold: -0.39% Oil - US Crude: -0.43% Silver: -0.73% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/IK2h1GkjM6
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: -0.11% 🇬🇧GBP: -0.17% 🇨🇦CAD: -0.17% 🇯🇵JPY: -0.23% 🇳🇿NZD: -0.27% 🇦🇺AUD: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Xi4keE2PJP
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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 66.81%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Q0oqIthe4P
  • Wall Street Futures Update: Dow Jones (-0.11%) S&P 500 (-0.35%) Nasdaq 100 (-0.46%) [delayed] -BBG
  • 🇸🇬 Unemployment Rate Prel (Q4) Actual: 3.2% Previous: 3.6% https://www.dailyfx.com/economic-calendar#2021-01-28
Sentiment is Shifting on Gold Prices

Sentiment is Shifting on Gold Prices

David Rodriguez, Head of Product
Sentiment is Shifting on Gold Prices

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

XAUUSD - The ratio of long to short positions in the XAUUSD stands at 1.46 as 59% of traders are long. Yesterday the ratio was 1.31; 57% of open positions were long. Long positions are 3.5% lower than yesterday and 22.5% below levels seen last week. Short positions are 13.3% lower than yesterday and 13.6% above levels seen last week. Open interest is 7.8% lower than yesterday and 11.6% below its monthly average.

We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the XAUUSD may continue lower. The trading crowd has grown further net-long from yesterday but moderated since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

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

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