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Gold IG Client Sentiment: Our information shows brokers are presently at their generally net-long Gold since May 19 when Gold exchanged close 1,841.76.


NUMBER OF TRADERS NET-SHORT HAS DECREASED BY 16.63% FROM LAST WEEK.
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Exchanging BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Gold

Negative

87.94%

12.06%

6.48% Daily

4.12% Weekly

-27.19% Daily

-16.63% Weekly

0.85% Daily

1.09% Weekly

Gold: Retail broker information shows 87.94% of dealers are net-long with the proportion of merchants long to short at 7.29 to 1. Our information shows brokers are currently at their generally net-long Gold since May 19 when Gold exchanged close 1,841.76. The quantity of dealers net-long is 6.48% higher than yesterday and 4.12% higher from last week, while the quantity of brokers net-short is 27.19% lower than yesterday and 16.63% lower from the week before.

We commonly take an antagonist view to swarm opinion, and the reality merchants are net-long recommends Gold costs might keep on falling.

Brokers are further net-long than yesterday and last week, and the blend of current opinion and late changes gives us a more grounded Gold-negative antagonist exchanging predisposition.

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