A chart showing the "Pivot Point + Long/Short Position Signals" for gold, crude oil, foreign exchange, and stock indices on October 23, 2025. The latest data released today (Thursday, October 23, 2025) shows that as of just now, five commodities in this chart are currently "overbought" (over 80% long), and three 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 65% of long positions, WTI (West Texas Intermediate) crude oil accounts for 82% of long positions, and EUR/USD accounts for 49% 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, one signaled an increase in net long positions, eight signaled a decrease in net long positions, four signaled an increase in net short positions, and eight signaled a decrease in net short positions. Instruments with positions exceeding 80% include: WTI Oil (long position at 82%); Hong Kong Hang Seng Index (HK50) (long position at 82%); Nasdaq 100 (long position at 86%); EUR/JPY (short position at 93%); EUR/AUD (short position at 87%); USD/JPY (short position at 84%); USD/CHF (long position at 89%); and NZD/USD (long position at 82%).


[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: Dow Jones Index US30, Nikkei225 Index Nikkei225, Germany DAX40 GERMANY 40, British Pound against US Dollar GBP/USD, British Pound against Japanese Yen GBP/JPY, Australian Dollar against Japanese Yen AUD/JPY, Canadian Dollar against Japanese Yen CAD/JPY, and New Zealand Dollar against Japanese Yen NZD/JPY.

Net long positions increased in the New Zealand dollar against the US dollar (NZD/USD). Net long positions decreased in spot gold (XAU/USD), spot silver (XAG/USD), US crude oil (WTI OIL), FTSE China A50, Hong Kong Hang Seng Index (HK50), S&P 500, Australian dollar (AUD/USD), and US dollar/offshore renminbi (USD/CNH).

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 short position. A positive net long position indicates a higher long position than a 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.