EUR/USD, GBP/USD, and Gold – Latest Sentiment Analysis

Retail trader data shows 54.85% of Gold traders are net-long with the ratio of traders long to short at 1.21 to 1.The number of traders net-long is 8.56% higher than yesterday and 18.90% higher from last week, while the number of traders net-short is 9.27% lower than yesterday and 5.95% 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.
（Source:Dailyfx-Nick Cawley）