CFTC Gold COT Report Ledger — 2020-11-03

Weekly Positioning Metrics

Gold Close Price

$1908.50

Smart Money Net

90,695

Total Open Interest

544,774

OI 1W Delta

-16,126

STRONG BEARISH CONFIRMATION (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2020-11-03, COMEX Gold futures closed at $1908.50. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 90,695 contracts.

Week-over-Week Shift: Open Interest contracted by 16,126 contracts compared to the prior report (2020-10-27), while Gold's net Managed Money position decreased by 11,180 contracts.

Macro Signal Insight: The quantitative engine registered a STRONG BEARISH CONFIRMATION (OI CONTRACTING) signal. Gold Smart Money flow showed bearish distribution.