Acquire the knowledge needed for maintaining trading consistency. Grab your “How to Trade Gold” guide for invaluable ideas and tips! GOLD PRICE FORECAST – MARKET SENTIMENTRetail trading activity reveals a net-short bias towards gold, with the ratio of bearish to bullish positions currently sitting at 1.47 to 1 as of late afternoon on Tuesday.In aggregate
Technical Analysis
In this video update, Richard Snow from Daily FX talks about the recent surge in the gold market. Gold prices have been soaring, reaching record highs and breaking important levels of resistance. The interesting thing is that despite this upward trend, US yields haven’t seen a significant decrease to bring about such a large response
US DOLLAR OUTLOOK – EUR/USD, GBP/USD, USDCADThe US dollar (DXY) lacks directional conviction ahead of key events on the US calendarFed Chair Powell’s testimony before Congress later in the week will be a source of volatility to watchThis article explores the technical outlook for EUR/USD, GBP/USD and USD/CADMost Read: USD/JPY Starts Week Strong; Tokyo Inflation
Number of traders net-short has increased by 50.11% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIGoldBULLISH43.76%56.24%7.46% Daily-20.48% Weekly13.60% Daily50.11% Weekly10.83% Daily8.11% Weekly Gold: Retail trader data shows 43.76% of traders are net-long with the ratio of traders short to long at 1.29 to 1. Our data shows traders are now at their least
Number of traders net-short has decreased by 1.72% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OINZD/USDBEARISH50.26%49.74%9.47% Daily7.43% Weekly4.76% Daily-1.72% Weekly7.08% Daily2.68% Weekly NZD/USD: Retail trader data shows 50.26% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Feb 19
2024-02-09 16:00:29 DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES STOP! From December 19th, 2022, this website is no longer intended for residents of the United States. Content on this site is not a solicitation to trade or open an account with any US-based brokerage or
Most Read: Japanese Yen Forecast: Bearish Signs Build; Setups on USD/JPY, EUR/JPY, GBP/JPYThe US dollar, as measured by the DXY index, climbed on Thursday, supported by rising U.S. Treasury yields. However, gains lacked conviction and volatility was limited as many traders remained on the sidelines awaiting new catalysts in the form of fresh data that