Gold Selling Off

| 4 april, 2013 | 0 kommentarer

ssi_xauusd_body_Picture_15.png, Gold Selling Off - Watch out Below if we Clear $1529

GoldRetail forex traders are very enthusiastically buying into Gold weakness against the US Dollar (ticker: USDOLLAR), and a contrarian view of crowd sentiment warns against buying into the sell-off.

Trade Implications – Gold: Retail traders are now their most net-long Gold since the pair bottomed in May of last year, and such one-sided sentiment warns against joining the crowd. Our proprietary data shows that these positioning extremes can often occur at the major market bottom (or top), but the reversal is only clear in hindsight. Our technical forecast warns that a break below $1529 in gold could force a much larger sell-off.

Written by David Rodriguez, Quantitative Strategist for

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

ssi_xauusd_body_1a_3.png, Gold Selling Off - Watch out Below if we Clear $1529

View how to automate the high-volatility Breakout2 Trading System via our previous article and webinar recording.

Auto trade the trend reversal-trading Momentum2system via our previous article and webinar recording.

Trade with strong trends via our Momentum1 Trading System and view an archived webinar

Use our counter-trend Range2 Trading system and view an archived webinar guide on automation

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at

Facebook at

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *