I think long on any of the indices is optimistic with such global uncertainty ive been both long and short over the last fews weeks on indices, but about 85 % of my trades been short and my big winners been short.I would not go long on gold long term either ,they be selling gold for the spurts( if ever) on the indices
Where do you find this information? I am very interested in what my broker reports for positions but have no idea where to look…
And if somebody can explain why the hell this site always quotes a different reply to the one I click on, I’d really appreciate it
what information sir
I clicked reply to tommor and it quotes you, this website constantly does this to me. I wonder if this one will do it too?
edit: it didn’t
no problem
it interesting how accurate their figures are on the brokers platforms
FYI, I posted some quotes yesterday that explain why gold isn’t going up despite this being an off risk market.
yes this was stated on Friday , things can change dramatically anyhow
I’m pretty sure that gold was ‘taken down’ by the bullion banks and swap dealers.
This is playing out almost the same as every other panic when gold first catches a bid.
Because most commercials are short paper contracts of gold they do not want to lose control in a run away market.
I have seen this play out for 15 yrs.
They wait for overbought conditions, collude to pile on shorts at the same time.
Every gold bug out there knows the shenanigans in the futures market - so if you want to trade gold successfully you need to follow the COTs.
thanks for your feedback
its near significant support levels
When I open a chart on my broker’s platform, there is a small bar at the top centre: it is red at the left and blue at the right, the dividing point slides about between different charts. Hovering the mouse over the bar graphic reveals the % of this broker’s clients with open positions in that market who are long or short.
Other sources offer this on public websites - Google sentiment indicator or look at dailyfx.com
I’m not in the habit of giving predictions - but as I’ve made some very lucky calls on gold recently I’ll take the risk.
Gold is going to grind lower for the rest of summer regardless of any horizontal lines on charts. It certainly ain’t going to do much after the epic collapse just seen.
You can only expect a serious bounce when the dealers have gone net long or serious reduced their shorts.
Gold usually tops in May but I think we have had it for this year.
Come August we might see a bottom when Indian wedding season begins.
From there who knows - but this year is an election year and there will be every attempt to push up the stock market for November so gold might respond badly to that.
Physical gold may be a safe haven but the paper price played on the COMEX is not, people need to remember that before wondering why it isn’t acting like it is supposed to.
Finally when all of us here in the baby pips forum have stopped trading gold it will hit a bottom.
Of course you can always short - which I think is preferable for the next few months.
And also I could be wrong
im sure you right but is nt this an exceptional year ?
Note to self; Don’t go clicking random things to try and find this information. I ended up closing my open trades and opening about 5 in the wrong direction. Closed them all straight away, so no big loss, but my win rate has taken a hit 
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Yes the broker i use give the overall long/short in pie chart format and 4 other time frame s im not that receptive to the figures really
Hey, we’ve all clicked the wrong button occasionally.
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It could be different, but the odds are against it.
Incidentally there was a 1981 novel called the Eyes of darkness where a bio chemical weapon was released accidentally from Wuhan China in the year 2020.
It caused mass panic and had all the symptoms of the current virus - but it disappeared just as quick as it started.
That was a novel, but that’s what I expect to happen with this.
Freaky eh?
astonishing co incidence , i saw something last night that it evolved in the “wet markets” of Bangkok and not China
love gold when it volatile and ranging all day