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    United States 2020-04-18 07:24:44
    Technical index GOLD TRADER SENTIMENT – XAU/USD PRICE CHART

    A summary of IG Client Sentiment shows traders are net-long Gold- the ratio stands at +1.72 (63.26% of traders are long) – bearishreading
    Long positions are 17.19% lower than yesterday and 1.10% higher from last week
    Short positions are 0.21% higher than yesterday and 38.94% higher from last week
    We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Gold prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week and the recent changes in sentiment warn that the current Gold price trend may soon reverse higher despite the fact traders remain net-long.

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