Gold (XAU/USD) & Silver (XAG/USD) Updated Sentiment Analysis

Date

6/28/2024 5:25:00 AM

(MENAFN- DailyFX) ) & Silver (XAG/USD) – Updated Sentiment Analysis Skip to Conten

Search Search results No entries matching your query were found.

Englis
日本

10:00:00 Medium Consumer Confidence (May) Actual Forecast Previous Revised 84.5
10:00:00 Medium Fed Barkin Speech () Actual Forecast Previous Revised
12:00:00 Medium Unemployment Rate (May) Actual Forecast 7.3% Previous Revised 7.5%

12:00:00 Medium Balance of Trade (May) Actual Forecast Previous Revised ZAR10.47B

Economic Calendar
Earnings Calendar
Central Bank Calendar

FOMC
ECB
BOE
BOC
Notify me about

H
High
M
Medium
L
Low
Host: Duration: min 09:18:55 widgets/economicCalendar._abbr () Actual Forecast Previous Revised EUR/USD Mixed
1h Last updated: Jun 28, 2024
Long Short
Note: Low and High figures are for the trading day.
Data provided by News Euro (EUR/USD) Latest – Renewed Volatility Ahead, US PCE and French Elections 2024-06-27 08:10:40 EUR/USD Latest: Polling Data Places Marine Le Pen's Party in Top Spot 2024-06-25 08:15:51 Oil - US Crude Bullish

1h Last updated: Jun 28, 2024

Long Short
Note: Low and High figures are for the trading day.
Data provided by News OPEC+ Fights Declining Oil Prices with Extended Production Cuts, Phased Tapering 2024-06-03 08:19:41 US Crude Oil Prices Return More Gains As Market Looks To Inventories, OPEC 2024-05-30 14:30:16 Wall Street Mixed

1h Last updated: Jun 28, 2024

Long Short
Note: Low and High figures are for the trading day.
Data provided by News Dow holds above 39,000 and Nasdaq 100 stabilises, while Nikkei 225 aims to push higher 2024-06-27 12:00:46 Dow Surges and Nikkei 225 Moves Higher, but Nasdaq 100 Continues to Drop Back 2024-06-25 12:00:04 Gold Mixed

1h Last updated: Jun 28, 2024

Long Short
Note: Low and High figures are for the trading day.
Data provided by News Gold (XAU/USD) & Silver (XAG/USD) – Updated Sentiment Analysis 2024-06-28 07:45:57 Gold (XAU/USD) & Silver (XAG/USD) - Retail Sentiment Analysis Update 2024-06-24 07:40:00 GBP/USD Bullish

1h Last updated: Jun 28, 2024

Long Short
Note: Low and High figures are for the trading day.
Data provided by News British Pound (GBP) Latest – Sterling Continues to Slide After Dovish BoE Turn 2024-06-21 10:30:00 Bank of England Leaves Rates Unchanged, Sterling and Gilt Yields Drift Lower 2024-06-20 11:37:39 USD/JPY Mixed

1h Last updated: Jun 28, 2024

Long Short
Note: Low and High figures are for the trading day.
Data provided by News USD/JPY Update: Why Markets Don't Appear to be Buying the MoF Story 2024-06-26 15:30:02 USD/JPY, EUR/JPY and GBP/JPY - Latest Retail Sentiment Analysis 2024-06-25 16:30:29 More View More

🇮🇹 Inflation Rate MoM Prel (Jun) Actual: 0.1% Expected: 0.2% Previous: 0.2%
Share:
What's on this page

Gold (XAU/USD) & Silver (XAG/USD) Sentiment Analysis and Charts
Gold (XAU/USD) Trading Outlook: Conflicting Signals as Retail Sentiment Shifts
Silver (XAG/USD) Latest: Retail Sentiment Reaches Extreme Levels
Gold (XAU/USD) & Silver (XAG/USD) Sentiment Analysis and Charts

Gold : Traders Lean Bullish Despite Potential Price Decline
Silver : Retail Sentiment Signals Potential Price Decline

You can Download Retail Sentiment Data on a Range of Asset Classes:
Gold Mixed Data provided by

of clients are net long. of clients are net short.

Change in	Longs	Shorts	OI
Daily	-16%	18%	-5%
Weekly	6%	-7%	0%

What does it mean for price action? Get My Guide Gold (XAU/USD) Trading Outlook: Conflicting Signals as Retail Sentiment Shifts

The latest IG retail trader data presents a nuanced picture for gold trading. With 57.34% of traders holding net-long positions and a long-to-short ratio of 1.34 to 1, the market appears bullish. However, our contrarian approach to crowd sentiment indicates potential downward pressure on gold prices .

Recent shifts in trader positioning add complexity to the outlook. Net-long positions have dropped 17.44% since yesterday but increased 3.80% over the past week. Conversely, net-short positions have surged 19.70% daily while declining 2.78% weekly. These conflicting trends contribute to a mixed trading bias for gold.

Gold Daily Price Chart

Recommended by Nick Cawley How to Trade Gold Get My Guide Silver (XAG/USD) Latest: Retail Sentiment Reaches Extreme Levels

Current retail trader data reveals an exceptionally bullish stance on silver, with 85.36% of traders net-long and a striking 5.83 to 1 long-to-short ratio. However, this extreme sentiment may paradoxically suggest a potential decline in silver prices, as our analysis typically counters crowd positioning.

The bullish bias has intensified recently, with net-long traders increasing by 1.69% daily and 9.86% weekly. Meanwhile, net-short traders have decreased by 11.76% since yesterday and 24.81% over the week. These trends contribute to a strengthened silver-bearish contrarian trading bias, highlighting the importance of careful market analysis.

Silver Daily Price Chart

Charts via TradingView

Recommended by Nick Cawley Traits of Successful Traders Get My Guide

What is your view on Gold and Silver – bullish or bearish?? You can let us know via the form at the end of this piece or contact the author via Twitter @nickcawley1 .

MENAFN28062024000076011015ID1108384408

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.