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Gold IG Client Sentiment: Our data shows traders are now at their most net-long Gold since Sep 04 when Gold traded near 1,933.11.

 Gold: Retail trader data shows 83.88% of traders are net-long with the ratio of traders long to short at 5.21 to 1. Our data shows traders are now at their most net-long Gold since Sep 04 when Gold traded near 1,933.11. the amount of traders net-long is 1.23% above yesterday and seven .74% higher from last week, while the amount of traders net-short is 25.25% less than yesterday and 35.32% lower from last week.


We typically take a contrarian view to crowd sentiment, and therefore the fact traders are net-long suggests Gold prices may still fall.


Traders are further net-long than yesterday and last week, and therefore the combination of current sentiment and up to date changes gives us a stronger Gold-bearish contrarian trading bias.

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