For the CFTC report week ending 2022-05-17, COMEX Gold futures closed at $1818.20. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 43,360 contracts.
Macro Signal Insight: The quantitative engine registered a STRONG BEARISH CONFIRMATION (OI CONTRACTING) signal. Gold Smart Money flow showed bearish distribution.