Investing.com - The Investing.com weekly sentiment index published on Monday revealed that market players added to their bullish bets on gold in the week ending November 21.
According to the report, 63.8% of market participants held long positions in gold futures as of last week, up from 57.8% in the previous week. A reading between 50%-70% is bullish for the instrument.
The report also showed that 39.0% of investors were long on the S&P 500 last week, little changed from 39.4% in the preceding week.
Meanwhile, 38.6% of investors held long positions in EUR/USD last week, down from 39.2% in the preceding week, while 48.4% of investors were long in GBP/USD, compared to 50.0% a week earlier.
Elsewhere, 66.0% of market participants held long positions in USD/JPY last week, up from 64.3% a week earlier, while 54.0% of investors were long USD/CHF, down slightly from 55.7% in the preceding week.
Amongst the commodity-linked currencies, 53.0% were long USD/CAD, compared to 54.1% a week earlier, 50.6% held long positions in AUD/USD, up from 48.0% in the preceding week, while 52.4% were long NZD/USD, compared to 51.4% a week earlier.
A reading between 50%-70% is bullish for the instrument, a reading between 30% and 50% is bearish, a reading above 70% indicates overbought conditions and a reading below 30% indicates oversold conditions.
The Investing.com series of indexes is developed in-house. Each index measures overall exposure to major currency pairs, commodities and indexes, using data from futures exchanges and OTC providers on all long and short open positions.