Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bearish contrarian trading bias.
In fact, traders have remained net-long since Mar 01 when Gold traded near 2,082.75, price has moved 4.24% higher since then. The number of traders net-long is 11.14% higher than yesterday and 7.51% higher from last week, while the number of traders net-short is 6.18% higher than yesterday and 16.42% lower from last week.
Our data shows traders are now net-long Gold for the first time since Mar 01, 2024 when Gold traded near 2,082.75. GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Mar 01, 2024 when GBP/USD traded near 1.26.EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Mar 06, 2024 03:00 GMT when EUR/USD traded near 1.09.
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