Gold is clinging to support around the $1,715 mark after plummeting nearly $100 in the last two weeks. Alongside a modest decline in US Treasury yields, gold might look to…
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
Sterling plunged more than 2.7% off resistance at multi-year highs– risk for a March setback. Here are the levels that matter on the GBP/USD weekly technical chart.
IG client sentiment data show retail traders are overwhelmingly long both silver and gold, and from a contrarian perspective that’s sending bearish signals for both precious metals.