Gold prices recently concluded 4 consecutive weeks of losses and retail traders are becoming increasingly bullish. Is this a warning sign that XAU/USD may continue lower ahead?
Crude oil prices are on the verge of ending a 7-week winning streak as retail traders start to turn more bullish. From a contrarian standpoint, this could open the door to further losses ahead.
The Canadian Dollar weakened to its lowest point against the US Dollar since late May. Retail traders are now increasingly net-short USD/CAD, offering a stronger bullish contrarian outlook.
Gold prices are aiming for the worst month since February as retail traders become increasingly net-long. A confirmatory trendline breakout is further leaving XAU/USD at risk.
Crude oil prices have weakened over the past couple of trading days, pushing retail traders to become slightly more bullish. Meanwhile, a Bearish Engulfing was confirmed. Is oil at risk?