Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bullish contrarian trading bias.
Gold IG Client Sentiment: Our data shows traders are now net-short Gold for the first time since May 20, 2024 when Gold traded near 2,427.18.Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: -0.71% Gol...Gold IG Client Sentiment: Our data shows traders are now net-short Gold for the first time since May 20, 2024 when Gold traded near 2,427.18.Retail trader data shows 49.
In fact, traders have remained net-short since May 20 when Gold traded near 2,427.18, price has moved 2.07% lower since then. The number of traders net-long is 2.00% higher than yesterday and 16.11% lower from last week, while the number of traders net-short is 5.00% higher than yesterday and 24.22% higher from last week.
Our data shows traders are now net-short Gold for the first time since May 20, 2024 when Gold traded near 2,427.18. FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Mar 11, 2024 when FTSE 100 traded near 7,700.90.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.
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