Number of traders net-short has increased by 69.93% from last week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
of clients are net long.
of clients are net short.
Gold: Retail trader data shows 49.97% of traders are net-long with the ratio of traders short to long at 1.00 to 1. In fact, traders have remained net-short since Feb 02 when Gold traded near 1,914.89, price has moved 2.92% higher since then. The number of traders net-long is 0.13% lower than yesterday and 23.80% lower from last week, while the number of traders net-short is 9.45% higher than yesterday and 69.93% 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 Feb 02, 2023 when Gold traded near 1,914.89. 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.