• August 22, 2023
  • Technical Analysis
  • Comments : 0

Gold Price Outlook: XAU/USD Still Vulnerable Amid Bullish Retail Bets

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?

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Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Jun 28, 2023 when Wall Street traded near 33,933.80.

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