A chart showing the "Pivot Point + Long/Short Position Signals" for gold, crude oil, foreign exchange, and stock indices as of September 19, 2025. The latest data released today (Friday, September 19, 2025) shows that as of just now, three commodities in this chart are currently "overbought" (over 80% long), and four commodities are currently "oversold" (less than 20% long). The highest proportion of long positions is in the USD/CHF pair. Spot gold (XAU/USD) accounts for 46% of long positions, WTI (West Texas Intermediate) crude oil accounts for 86% of long positions, and EUR/USD accounts for 32% of long positions. See the dedicated chart for a more detailed list of "change signals" for these commodities compared to yesterday.

Among the signals of position changes, four indicated an increase in net long positions, four indicated a decrease in net long positions, seven indicated an increase in net short positions, and eight indicated a decrease in net short positions. The following commodities saw positions of 80% or more: WTI OIL (long position at 86%); Nasdaq 100 (short position at 84%); EUR/JPY (short position at 92%); EUR/AUD (short position at 84%); USD/CHF (long position at 90%); NZD/USD (long position at 81%); and USD/CNH (long position at 80%).


[Image: Gold, crude oil, foreign exchange, and stock index pivot points and long/short position signals. Source: Huitong Finance custom chart. (Click on the image to enlarge it.)]

The currencies whose net short positions decreased include: spot gold XAU/USD, Dow Jones Index US30, euro/USD, pound sterling GBP/USD, pound sterling GBP/JPY, Australian dollar AUD/USD, Australian dollar AUD/JPY, and New Zealand dollar NZD/JPY.

Net long positions increased in WTI crude oil, the Hong Kong Hang Seng Index (HK50), the New Zealand dollar (NZD/USD), and the offshore renminbi (USD/CNH). Net long positions decreased in silver (XAG/USD), the FTSE China A50, the USD/CAD, and the Swiss franc (USD/CHF).

Huitong Finance reminds you that position signals are derived by comparing the "Latest Net Long %" with the "Yesterday Net Long %" data. An increase in net longs signals an expansion of the net long position, while a change from negative to positive signals a reversal of the net long position. In the table, "Latest Net Long %" refers to the current "long position minus short position," while "Yesterday Net Long %" represents the last updated net long position (usually the previous trading day) for comparison purposes. A negative net long position indicates a lower long position than a lower short position. A positive net long position indicates a higher long position than a lower short position. Comparing the latest net long % with yesterday's net long % (the previous trading day's net long %) reveals 13 types of position signals, including an expansion of the net long position, a decrease in the net long position, no change in the net short position, and a shift to a long-short balance. Some of these signals are presented based on actual data comparison results. See the charts in this article for details. This position signal is for reference only and should not be used as a basis for trading. The current price trend may conflict with the position indicated. These conflicts may contain potential opportunities. At the same time, subsequent price trends are subject to complex influences from various factors, and traders must make their own decisions.

The trading instruments included in this chart are: spot gold, spot silver, US crude oil, FTSE China A50, Hong Kong Hang Seng Index, S&P 500, Nasdaq 100, Dow Jones Industrial Average, German DAX 40, EUR/USD, EUR/GBP, EUR/JPY, EUR/AUD, GBP/USD, GBP/JPY, USD/JPY, USD/CAD, USD/CHF, AUD/USD, AUD/JPY, CAD/JPY, and NZD/USD.