Gold prices plunged the most since the summer of 2021 last week and retail traders are not slowing their upside exposure in XAU/USD. Things are not looking good as the new week begins.
Gold prices have weakened in recent days amid surging Treasury yields and a higher US Dollar. With retail traders becoming even more bullish, the outlook for XAU/USD is not looking good.
Crude oil prices soared on Wednesday, mostly sealing the fate of a 4th consecutive monthly gain as September concludes soon. Still-bearish retail exposure further underscores a bullish posture.
The British Pound appears to be all set for the worst month since August 2022 and retail traders continue to relentlessly build upside exposure. Will this spell further losses for GBP/USD?
Crude oil prices have continued to consolidate in recent days, but retail exposure is continuing to grow in favor of the downside. Is this a sign that WTI may continue higher next?