IG client sentiment shows who is going long or short and how that information can affect price action
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
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.
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