CFTC Gold COT Report Ledger — 2023-05-16

Weekly Positioning Metrics

Gold Close Price

$1988.40

Smart Money Net

103,983

Total Open Interest

521,832

OI 1W Delta

+2,881

BEARISH DIVERGENCE (OI FLAT)

Analysis & Institutional Flow

For the CFTC report week ending 2023-05-16, COMEX Gold futures closed at $1988.40. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 103,983 contracts.

Week-over-Week Shift: Open Interest expanded by 2,881 contracts compared to the prior report (2023-05-09), while Gold's net Managed Money position decreased by 7,003 contracts.

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