Home ForexArticles Our data shows traders are now net-short Gold for the first time since Dec 04, 2023 when Gold traded near 2,033.92.

Our data shows traders are now net-short Gold for the first time since Dec 04, 2023 when Gold traded near 2,033.92.

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Our data shows traders are now net-short Gold for the first time since Dec 04, 2023 when Gold traded near 2,033.92.

Our data shows traders are now net-short Gold for the first time since Dec 04, 2023 when Gold traded near 2,033.92.

Number of traders net-short has increased by 32.02% from last week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
Gold BULLISH 49.48% 50.52%

-16.01% Daily

-15.36% Weekly

30.36% Daily

32.02% Weekly

2.39% Daily

3.38% Weekly




of clients are net long.




of clients are net short.

Change in Longs Shorts OI
Daily -16% 30% 2%
Weekly -15% 32% 3%

Gold: Retail trader data shows 49.48% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Dec 04 when Gold traded near 2,033.92, price has moved 0.88% higher since then. The number of traders net-long is 16.01% lower than yesterday and 15.36% lower from last week, while the number of traders net-short is 30.36% higher than yesterday and 32.02% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Gold prices may continue to rise.

Our data shows traders are now net-short Gold for the first time since Dec 04, 2023 when Gold traded near 2,033.92. 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.



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