Variety of merchants net-short has decreased by 4.33% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHO
Variety of merchants net-short has decreased by 4.33% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
Gold |
BULLISH |
69.77% |
30.23% |
-2.34%
-11.74% |
9.72%
-4.33% |
1.02%
-9.62% |
Gold: Retail dealer knowledge reveals 69.77% of merchants are net-long with the ratio of merchants lengthy to brief at 2.31 to 1. Our knowledge reveals merchants at the moment are at their least net-long Gold since Aug 09 when Gold traded close to 1,730.91. The variety of merchants net-long is 2.34% decrease than yesterday and 11.74% decrease from final week, whereas the variety of merchants net-short is 9.72% greater than yesterday and 4.33% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests Gold costs could proceed to fall.
But merchants are much less net-long than yesterday and in contrast with final week. Latest adjustments in sentiment warn that the present Gold value development could quickly reverse greater regardless of the actual fact merchants stay net-long.
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