CFTC Gold COT Report Ledger — 2023-07-25

Weekly Positioning Metrics

Gold Close Price

$1962.10

Smart Money Net

95,287

Total Open Interest

476,176

OI 1W Delta

-5,928

BEARISH DIVERGENCE (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2023-07-25, COMEX Gold futures closed at $1962.10. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 95,287 contracts.

Week-over-Week Shift: Open Interest contracted by 5,928 contracts compared to the prior report (2023-07-18), while Gold's net Managed Money position decreased by 20,031 contracts.

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