View RSS Feed

TechnoMeter

Gold: No Clear Direction

Rate this Entry
by , 10-05-2018 at 08:33 AM (1185 Views)
      
   
Spot Gold: Retail trader data shows 83.7% of traders are net-long with the ratio of traders long to short at 5.15 to 1. The number of traders net-long is 5.8% higher than yesterday and 6.0% lower from last week, while the number of traders net-short is 15.7% lower than yesterday and 19.6% higher from last week.

Name:  xauusd-w1-b2b-software-technologies.png
Views: 182
Size:  20.2 KB

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 more net-long than yesterday but less net-long from last week. The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.

more...

Submit "Gold: No Clear Direction" to Google Submit "Gold: No Clear Direction" to del.icio.us Submit "Gold: No Clear Direction" to Digg Submit "Gold: No Clear Direction" to reddit

Comments