For the CFTC report week ending 2020-11-24, COMEX Gold futures closed at $1804.80. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 85,348 contracts.
Macro Signal Insight: The quantitative engine registered a BEARISH DIVERGENCE (OI FLAT) signal. Gold Smart Money flow diverged from USD Index speculator flow, indicating macroeconomic stress.