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
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
USD/JPY
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
Gold
Bearish
Oil - US Crude
Bearish
Bitcoin
Mixed
More View more
Gold Price Outlook Mixed on Latest Sentiment Readings

Gold Price Outlook Mixed on Latest Sentiment Readings

2017-04-27 18:07:00
DailyFX Research,
Share:
Gold Price Outlook Mixed on Latest Sentiment Readings

Why and how do we use IG Client Sentiment in trading? See our guide.

Spot Gold: Retail trader data shows 69.1% of traders are net-long with the ratio of traders long to short at 2.23 to 1. The number of traders net-long is 1.1% higher than yesterday and 3.6% higher from last week, while the number of traders net-short is 3.7% higher than yesterday and 15.0% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.

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

DISCLOSURES

News & Analysis at your fingertips.