KuCoin's Pivot Points + Long/Short Position Signals Reveal Market Sentiment Shifts
The latest installment of the 'Pivot Points + Long/Short Position Signals' series has been released by KuCoin, providing insights into the market sentiment for gold, oil, forex, and stock indices. As of July 24, 2026, two assets are in 'overbought' territory, while two others are in 'oversold' territory. Spot Gold XAU/USD holds the highest long position percentage at 88%, followed by U.S. Crude Oil WTI OIL with a long positioning ratio of 56% and Euro against US Dollar EUR/USD with 72%. The analysis reveals that eight instruments have increased net long positions, while five have decreased. Additionally, one asset shows an increase in net short positions, and seven have seen decreases.
Among the notable changes, Spot Gold XAU/USD has reached a record high of 88% long positioning, surpassing its previous peak. The S&P 500 index also broke above 84% long position ratio, while the EUR/JPY and USD/JPY showed significant short positions at 89% and 92%, respectively. Conversely, net short positions increased in USD/JPY, while decreasing in US30, EUR/JPY, GBP/JPY, AUDJPY, CADJPY, and NZDJPY. The report emphasizes that position signals are derived by comparing the latest 'Net Long %' with the previous day's 'Net Long %', providing a total of 13 position signals.
The trading instruments included in this analysis cover a broad range of assets, including spot gold, silver, crude oil, and major forex pairs. It is essential to note that these position signals are for reference only and should not be used as trading advice. Traders must make their own decisions, considering current price movements and the potential contradictions with position indicators.