CFTC Gold COT Report Ledger — 2023-04-18

Weekly Positioning Metrics

Gold Close Price

$2007.40

Smart Money Net

102,696

Total Open Interest

482,254

OI 1W Delta

+5,687

BEARISH DIVERGENCE (OI EXPANDING)

Analysis & Institutional Flow

For the CFTC report week ending 2023-04-18, COMEX Gold futures closed at $2007.40. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 102,696 contracts.

Week-over-Week Shift: Open Interest expanded by 5,687 contracts compared to the prior report (2023-04-11), while Gold's net Managed Money position decreased by 1,910 contracts.

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