For the CFTC report week ending 2021-03-09, COMEX Gold futures closed at $1716.60. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 29,430 contracts.
Macro Signal Insight: The quantitative engine registered a STRONG BEARISH CONFIRMATION (OI EXPANDING) signal. Gold Smart Money flow showed bearish distribution.