CFTC Gold COT Report Ledger — 2023-01-31

Weekly Positioning Metrics

Gold Close Price

$1929.50

Smart Money Net

84,447

Total Open Interest

471,642

OI 1W Delta

-28,285

GOLD-USD DIVERGENCE (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2023-01-31, COMEX Gold futures closed at $1929.50. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 84,447 contracts.

Week-over-Week Shift: Open Interest contracted by 28,285 contracts compared to the prior report (2023-01-24), while Gold's net Managed Money position increased by 4,568 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.