Retail broker information indicates 64.1% of merchants are net-long with the proportion of dealers long to short at 1.78 to 1. The quantity of dealers net-long is 0.4% higher than yesterday and 3.8% lower from a week ago, while the quantity of merchants net-short is 5.0% lower than yesterday and 2.4% lower from a week ago.
We normally take a contrarian view to swarm feeling, and the reality merchants are net-long recommends Spot Gold costs may keep on falling. Situating is more net-long than yesterday yet less net-long from a week ago. The mix of current assumption and late changes gives us a further blended Spot Gold exchanging inclination. Source