简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract: the rise in real yields is a concern for gold and one which makes me hard to get bullish on the precious metal.
the rise in real yields is a concern for gold and one which makes me hard to get bullish on the precious metal. Now admittedly, lower gold prices has not initially been the case given the failed test at 2000. With gold below 1915, this now represents resistance, while key support is situated at 1880. Until 1880 is broken, technically, gold is neutral.
Data shows 84.67% of traders are net-long with the ratio of traders long to short at 5.52 to 1. The number of traders net-long is 20.22% higher than yesterday and 11.47% higher from last week, while the number of traders net-short is 19.70% lower than yesterday and 38.79% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Gold prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bearish contrarian trading bias.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
This week, the Italy financial regulator CONSOB issued a warning against an unlicensed broker named Broker Capitals. When we clicked on Broker Capitals' website, its logo, trade name, and design seemed familiar to us.
Berkshire Hathaway Inc said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company’s Berkshire Hathaway Energy unit for $870 million.
A look at the day ahead in markets from Alun John
The dollar extended it best rally against the yen since mid-June on Monday, buoyed by higher Treasury yields after blockbuster U.S. jobs data lifted expectations for more aggressive Federal Reserve policy tightening.