Notice: Uninitialized string offset: 0 in /www/wwwroot/xmxmcom.com/wp-includes/class-walker-comment.php on line 1

Notice: Uninitialized string offset: 0 in /www/wwwroot/xmxmcom.com/wp-includes/class-walker-comment.php on line 1

Notice: Uninitialized string offset: 0 in /www/wwwroot/xmxmcom.com/wp-includes/html-api/class-wp-html-processor.php on line 1

Notice: Uninitialized string offset: 0 in /www/wwwroot/xmxmcom.com/wp-includes/html-api/class-wp-html-processor.php on line 1

Notice: Uninitialized string offset: 0 in /www/wwwroot/xmxmcom.com/wp-includes/rest-api/endpoints/class-wp-rest-menus-controller.php on line 1

Notice: Uninitialized string offset: 0 in /www/wwwroot/xmxmcom.com/wp-includes/rest-api/endpoints/class-wp-rest-menus-controller.php on line 1

Notice: Uninitialized string offset: 0 in /www/wwwroot/xmxmcom.com/wp-includes/rest-api/endpoints/class-wp-rest-themes-controller.php on line 1

Notice: Uninitialized string offset: 0 in /www/wwwroot/xmxmcom.com/wp-includes/rest-api/endpoints/class-wp-rest-themes-controller.php on line 1
GOLD (XAU/USD) & SILVER (XAG/USD) SENTIMENT ANALYSIS AND CHARTS – XMDailyFX

GOLD (XAU/USD) & SILVER (XAG/USD) SENTIMENT ANALYSIS AND CHARTS

GOLD (XAU/USD) TRADING OUTLOOK: CONFLICTING SIGNALS AS RETAIL SENTIMENT SHIFTS

The latest IG retail trader data presents a nuanced picture for gold trading. With 57.34% of traders holding net-long positions and a long-to-short ratio of 1.34 to 1, the market appears bullish. However, our contrarian approach to crowd sentiment indicates potential downward pressure on gold prices.

Recent shifts in trader positioning add complexity to the outlook. Net-long positions have dropped 17.44% since yesterday but increased 3.80% over the past week. Conversely, net-short positions have surged 19.70% daily while declining 2.78% weekly. These conflicting trends contribute to a mixed trading bias for gold.

Gold Daily Price Chart

image1.png

  • Related Posts

    Weekly Technical Outlook – USDJPY, GBPUSD, NZDUSD

    USDJPY faces minor injuries after higher US jobless rate; Powell’s testimony next on the agenda GBPUSD surprasses key obstacle as UK gets new government; monthly GDP data on the agenda NZDUSD waits…

    Technical Analysis – GBPJPY eases after hitting new 16-year high

    GBPJPY remains in strong upside tendency in long-term RSI flirts with uptrend line above 70 Stochastic looks overstretched GBPJPY is declining somewhat after rallying to a fresh 16-year high of…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Forex Education

    5 TRADING STRATEGIES EVERY TRADER SHOULD KNOW

    • By admin
    • July 4, 2024
    • 122 views
    5 TRADING STRATEGIES EVERY TRADER SHOULD KNOW

    7 WAYS TO REDUCE RISK IN ONLINE TRADING

    • By admin
    • March 30, 2022
    • 430 views
    7 WAYS TO REDUCE RISK IN ONLINE TRADING

    8 ONLINE TRADING INDICATORS TO USE IN YOUR STRATEGY

    • By admin
    • March 30, 2022
    • 456 views
    8 ONLINE TRADING INDICATORS TO USE IN YOUR STRATEGY

    8 KEY ONLINE TRADING TERMS EVERY BEGINNER SHOULD KNOW

    • By admin
    • March 30, 2022
    • 426 views
    8 KEY ONLINE TRADING TERMS EVERY BEGINNER SHOULD KNOW

    7 WAYS TO BUILD AN ONLINE TRADING PLAN THAT WORKS FOR YOU

    • By admin
    • March 30, 2022
    • 415 views
    7 WAYS TO BUILD AN ONLINE TRADING PLAN THAT WORKS FOR YOU