XAUUSD, Short Term & Long Term Investment, DowTheory
Updated
The current sentiment for gold trading,shows a predominance of short positions over long positions, with 75% of traders holding short positions and 25% holding long positions in XAUUSD. This suggests a bearish sentiment among Forex traders regarding the future price of gold.
Indicate uncertainty or a balanced view among traders regarding gold's price direction in the near term.
Moreover, highlighting that bullish sentiment during a bull market is natural, while bearish sentiment during a bull market represents a contrarian opportunity to buy. Current sentiment in gold is bearish, which, during a long-term bull market, could be seen as a contrarian signal to be long on gold.
Indicate uncertainty or a balanced view among traders regarding gold's price direction in the near term.
Moreover, highlighting that bullish sentiment during a bull market is natural, while bearish sentiment during a bull market represents a contrarian opportunity to buy. Current sentiment in gold is bearish, which, during a long-term bull market, could be seen as a contrarian signal to be long on gold.
Comment
Unemployment claims, while there are positive signs such as a decrease in initial claims and continued weeks claimed, the stability of the unemployment rate and an increase in the number of individuals claiming benefits in state programs could be areas of concern, gauge the Buyers to get more benefits in comming week... Welcome Bulls, Good Bye to Bears...Disclaimer
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