Number of traders net-short has increased by 33.84% from last week.

SYMBOL	TRADING BIAS	NET-LONG%	NET-SHORT%	CHANGE IN LONGS	CHANGE IN SHORTS	CHANGE IN OI
Gold	BULLISH	49.65%	50.35%	-4.59% Daily -0.69% Weekly	17.28% Daily 33.84% Weekly	5.29% Daily 14.14% Weekly

Gold Bullish Data provided by of clients are net long. of clients are net short.

Change in	Longs	Shorts	OI
Daily	-5%	17%	5%
Weekly	-1%	34%	14%

What could changes and extremes in retail trading signal for the market? Gold: Retail trader data shows 49.65% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Jul 19 when Gold traded near 2,400.62, price has moved 2.63% higher since then. The number of traders net-long is 4.59% lower than yesterday and 0.69% lower from last week, while the number of traders net-short is 17.28% higher than yesterday and 33.84% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Gold prices may continue to rise.

Our data shows traders are now net-short Gold for the first time since Jul 19, 2024 when Gold traded near 2,400.62. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bullish contrarian trading bias.

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