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of clients are net long.
of clients are net short.
Long Short

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of clients are net long.
of clients are net short.
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of clients are net long.
of clients are net short.
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Gold Bearish Prospects Remain Intact

Gold Bearish Prospects Remain Intact

Christopher Vecchio, CFA, Senior Strategist
Gold Bearish Prospects Remain Intact

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

Spot Gold: Retail trader data shows 75.9% of traders are net-long with the ratio of traders long to short at 3.15 to 1. The number of traders net-long is 8.2% higher than yesterday and 5.4% higher from last week, while the number of traders net-short is 5.6% lower than yesterday and 6.4% 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. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.

--- Written by Christopher Vecchio, CFA, Senior Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

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

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