For the CFTC report week ending 2022-11-29, COMEX Gold futures settled at $1748.40. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held 88,032 long contracts versus 73,312 short contracts, establishing a net speculative position of 14,720 contracts. Relative to the past three years of historical positioning, this reading placed institutional conviction at the 30.2% percentile (3-Year COT Index), indicating balanced intermediate positioning. For complete institutional methodology across all five market participant categories, reference the Gold COT Report Guide.
Macro Signal Insight & Playbook: The quantitative engine registered a WEAK BEARISH - UNCONFIRMED (OI CONTRACTING) signal with an Institutional Bias Score of 61.4/100 (Moderately Bullish). Gold Smart Money flow showed bearish distribution. Tactical Context: Funds reduced net positioning, price trend confirmed, and open interest contracted, while retail crowding is moderate.