Gold, Indices Show Overbought Signals as Position Indicators Shift
The latest update from Jinrongwang APP provides an overview of 'pivot points + long/short positioning signals' for various assets, including gold, crude oil, and stock indices, as of September 28, 2026. The data shows that 5 instruments are in the 'overbought' status, with more than 80% long positions, while none are in the 'oversold' status.
The highest long position percentage is seen in FTSE China A50 at 98%, followed by Spot Gold XAU/USD at 85%. US crude oil WTI OIL has a long position ratio of 36%, and euro against US dollar EUR/USD has a long position ratio of 69%.
Among the position change signals, there are 8 instruments with increased net long positions, 3 with decreased net long positions, 1 with increased net short positions, and 2 with decreased net short positions. The net short positions increased in, while they decreased in EUR/GBP and USD/JPY.