Gold Prices Pulled Back but Futures Traders Stayed Net Long

The gold price outlook hinges on positioning, with CME futures traders still net long even as gold pulled back from its highs. Matt Simpson, StoneX Media Market Analyst, walks through gold across yearly, monthly, weekly and daily charts, the U.S. dollar index, seasonality, and futures and options sentiment. Gold is flat for the year, with oversold momentum readings and Middle East headlines reviving its safe haven appeal. The U.S. dollar index sits at the top of its trend channel after a three-week rally, and gold seasonality has historically picked up in November and December. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_matt_simpson&utm_content=share 00:00 - Gold Gets Written Off Too Soon 01:26 - Oversold Gold Gets a Haven Bid 02:18 - Dollar Index Hits a Ceiling 02:52 - Gold's Year-End Seasonal Lift 03:13 - Futures Longs Refuse to Fold 03:46 - A Gift for Gold Swing Traders Like and subscribe for more financial market insights. #Gold #StoneX #MattSimpson #XAUUSD --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social