CFTC Gold COT Report Ledger — 2022-01-18

Weekly Positioning Metrics

Gold Close Price

$1812.30

Smart Money Net

71,793

Total Open Interest

539,204

OI 1W Delta

-7,312

BEARISH DIVERGENCE (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2022-01-18, COMEX Gold futures closed at $1812.30. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 71,793 contracts.

Week-over-Week Shift: Open Interest contracted by 7,312 contracts compared to the prior report (2022-01-11), while Gold's net Managed Money position decreased by 2,517 contracts.

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