Gold Prices Dip While Traders Reduce Net-Longs

Traders Net-Short 9% Higher Since Previous Week Spot Gold: Retail trader data shows 86.0% of traders are net-long with the ratio of traders long to short at 6.12 to 1. The number of traders net-long is 2.1% lower than yesterday and 0.3% lower from last week, while the number of traders net-short is 0.8% higher […]

Gold Price Range-break Increases Pressure, Silver Support Under Siege

Gold/silver technical highlights: Gold breakdown has 2016 trend-line in focus Break below trend-line has attention towards 1230s Silver price and trend-line support at risk of breaking soon For a longer-term fundamental and technical outlook on Gold or any of your favorite markets/currency pairs, check out the DailyFX 2Q Forecasts. Gold breakdown has 2016 trend-line in […]

Gold Price Drops as US Treasury Yields Push Higher

Talking Points: – A stronger US Dollar on the back of higher US Treasury yields (both nominal and real) has paved the way for lower Gold prices. – Gold’s symmetrical triangle, previously eying topside resolution, has failed and broken to the downside. – Sentiment for the US Dollarhas started to turn contrarian bullishmidway though Q2’18. […]

Crude Oil, Gold Prices Positioned for Weakness Into Holiday Lull

Talking Points: Crude oil, gold prices mark time as liquidity ebbs into holiday lull Technical positioning hints at weakness when participation returns Weekend news-flow, US data anticipation may translate into gaps Commodity prices marked time as investors settled in for market closures in observance of the Good Friday holiday. Australia, Hong Kong and most of […]

Gold Set Up for Reversal As Sentiment Shifts

Spot Gold: Retail trader data shows 62.3% of traders are net-long with the ratio of traders long to short at 1.65 to 1. The number of traders net-long is 0.1% lower than yesterday and 1.9% lower from last week, while the number of traders net-short is 2.4% higher than yesterday and 2.5% higher from last […]