price going up

[Chazza69]

hi why is it in market data on gold on ig site is saying 59% is selling but the price is going up very fast could someone explain that to me. i always choose to go opposite to trader sentiment is that wrong ?

[Caseynotes]

53 minutes ago, Chazza69 said:

hi why is it in market data on gold on ig site is saying 59% is selling but the price is going up very fast could someone explain that to me. i always choose to go opposite to trader sentiment is that wrong ?

yes gold on a rip going into the weekend. Trump flattened speculation of an early vaccine.

Yes IG sentiment is of numbers of retail traders but professionals and instantiations though less in numbers make up by far the larger actual size. 

Yes client sentiment is generally a contrarian indicator (do the opposite) but like all indicators is often wrong.