CFTC Gold COT Report Ledger — 2023-07-11

Weekly Positioning Metrics

Gold Close Price

$1931.30

Smart Money Net

82,443

Total Open Interest

483,170

OI 1W Delta

+35,107

BEARISH DIVERGENCE (OI EXPANDING)

Analysis & Institutional Flow

For the CFTC report week ending 2023-07-11, COMEX Gold futures closed at $1931.30. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 82,443 contracts.

Week-over-Week Shift: Open Interest expanded by 35,107 contracts compared to the prior report (2023-07-03), while Gold's net Managed Money position decreased by 705 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.