2024-03-04 14:11:39

Gold IG Client Sentiment: Our data shows traders are now at their least net-long Gold since Dec 02 when Gold traded near 2,071.86.

Gold: Retail trader data shows 43.76% of traders are net-long with the ratio of traders short to long at 1.29 to 1. Our data shows traders are now at their least net-long Gold since Dec 02 when Gold traded near 2,071.86.

The number of traders net-long is 7.46% higher than yesterday and 20.48% lower from last week, while the number of traders net-short is 13.60% higher than yesterday and 50.11% 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.

（Source:Dailyfx-Research Team）

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