The current sentiment for gold trading,shows a predominance of short positions over long positions, with 75% of traders holding short positions and 25% holding long positions in XAUUSD. This suggests a bearish sentiment among Forex traders regarding the future price of gold.
Indicate uncertainty or a balanced view among traders regarding gold's price direction in the near term.
Moreover, highlighting that bullish sentiment during a bull market is natural, while bearish sentiment during a bull market represents a contrarian opportunity to buy. Current sentiment in gold is bearish, which, during a long-term bull market, could be seen as a contrarian signal to be long on gold.