Number of traders net-short has decreased by 16.42% from last week.

SYMBOL	TRADING BIAS	NET-LONG%	NET-SHORT%	CHANGE IN LONGS	CHANGE IN SHORTS	CHANGE IN OI
Gold	BEARISH	50.43%	49.57%	11.14% Daily 7.51% Weekly	6.18% Daily -16.42% Weekly	8.62% Daily -5.85% Weekly

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

Change in	Longs	Shorts	OI
Daily	11%	6%	9%
Weekly	8%	-16%	-6%

What could changes and extremes in retail trading signal for the market? Gold: Retail trader data shows 50.43% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Mar 01 when Gold traded near 2,082.75, price has moved 4.24% higher since then. The number of traders net-long is 11.14% higher than yesterday and 7.51% higher from last week, while the number of traders net-short is 6.18% higher than yesterday and 16.42% 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.

Our data shows traders are now net-long Gold for the first time since Mar 01, 2024 when Gold traded near 2,082.75. 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.

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