GOLD - Retail trader positioning

Gold prices have been on a prolonged downward trend since reaching a peak in May. In response, retail traders have increased their ability to short the precious metal.

IGCS measurements show that approximately 76% of retail traders are net buyers of gold. This suggests that prices may further decrease, as they tend to be higher. This is due to a decrease in risk levels, which are 13.02% and 14.63% lower than yesterday and last week, respectively. Combining overall positioning and recent changes in risk levels, there is a contrasting trend of trading against a stronger price decline.