Gold continues to rise today as the market received positive news from the PPI. Currently, gold is trading at a high level since the beginning of the week and reaching a trading level of 1877 USD.
Regarding prospects: The IGCS index indicates that about 83% of retail traders have a long position on gold. This suggests that prices may continue to decline in the near future. However, the betting ratio on the downside has increased compared to yesterday and last week, with ratios of 18.59% and 26.67% respectively. Considering this, recent changes in exposure levels indicate that prices may soon start to rise again.