Retail trader data shows 72.7% of traders are net-long with the ratio of traders long to short at 2.66 to 1. The number of traders net-long is 5.6% higher than yesterday and 3.5% lower from last week, while the number of traders net-short is 9.6% lower than yesterday and 1.7% higher from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests 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 Gold trading bias.
I execute the trade on M15 time frame.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests 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 Gold trading bias.
I execute the trade on M15 time frame.
Trade stängt: målet nått