CFTC Gold COT Report Ledger — 2023-05-23

Weekly Positioning Metrics

Gold Close Price

$1972.40

Smart Money Net

93,139

Total Open Interest

479,080

OI 1W Delta

-42,752

STRONG BEARISH CONFIRMATION (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2023-05-23, COMEX Gold futures closed at $1972.40. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 93,139 contracts.

Week-over-Week Shift: Open Interest contracted by 42,752 contracts compared to the prior report (2023-05-16), while Gold's net Managed Money position decreased by 10,844 contracts.

Macro Signal Insight: The quantitative engine registered a STRONG BEARISH CONFIRMATION (OI CONTRACTING) signal. Gold Smart Money flow showed bearish distribution.