DailyFx

Gold Selloff to Accelerate With Less Than a Week Until Election Day?

  • Posted by author-avatar
28 Oct

Gold prices may face heightened liquidation pressure after XAU/USD broke a multi-week uptrend with the election less than a week away.

Newer USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Jul 20, 2020 when USD/CAD traded near 1.35.
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Older Gold IG Client Sentiment: Our data shows traders are now at their most net-long Gold since Sep 04 when Gold traded near 1,933.11.

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