CFTC Gold COT Report Ledger — 2021-07-20

Weekly Positioning Metrics

Gold Close Price

$1810.90

Smart Money Net

90,428

Total Open Interest

490,520

OI 1W Delta

-5,278

GOLD-USD DIVERGENCE (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2021-07-20, COMEX Gold futures closed at $1810.90. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 90,428 contracts.

Week-over-Week Shift: Open Interest contracted by 5,278 contracts compared to the prior report (2021-07-13), while Gold's net Managed Money position increased by 4,137 contracts.

Macro Signal Insight: The quantitative engine registered a GOLD-USD DIVERGENCE (OI CONTRACTING) signal. Gold Smart Money flow diverged from USD Index speculator flow, indicating macroeconomic stress.