For the CFTC report week ending 2022-05-10, COMEX Gold futures closed at $1839.90. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 61,992 contracts.
Macro Signal Insight: The quantitative engine registered a STRONG BEARISH CONFIRMATION (OI EXPANDING) signal. Gold Smart Money flow showed bearish distribution.