Gold and silver prices remain focused higher ahead of CPI data later this week as retail traders continue building downside exposure. What are key levels to watch? Get your market update from ddubrovskyFX here:
likely helped set a softer expectation for the inflation data.
Looking at IG Client Sentiment , retail traders have been responding by increasingly selling gold and silver. IGCS tends to function as a contrarian indicator. As such, if this trend in positioning continues, further gains might be in store for precious metals. Let us take a closer look.shows that about 60% of retail traders are net-long gold. Since most traders are still biased to the upside, this hints prices may fall. But, downside exposure has increased by 12.59% and 35.
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