CFTC Gold COT Report Ledger — 2023-05-09

Weekly Positioning Metrics

Gold Close Price

$2036.20

Smart Money Net

110,986

Total Open Interest

518,951

OI 1W Delta

+25,147

WEAK BEARISH - UNCONFIRMED (OI EXPANDING)

Analysis & Institutional Flow

For the CFTC report week ending 2023-05-09, COMEX Gold futures closed at $2036.20. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 110,986 contracts.

Week-over-Week Shift: Open Interest expanded by 25,147 contracts compared to the prior report (2023-05-02), while Gold's net Managed Money position decreased by 2,804 contracts.

Macro Signal Insight: The quantitative engine registered a WEAK BEARISH - UNCONFIRMED (OI EXPANDING) signal. Gold Smart Money flow showed bearish distribution.