CFTC Gold COT Report Ledger — 2023-08-08

Weekly Positioning Metrics

Gold Close Price

$1924.10

Smart Money Net

58,606

Total Open Interest

427,759

OI 1W Delta

-11,624

WEAK BEARISH - UNCONFIRMED (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2023-08-08, COMEX Gold futures closed at $1924.10. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 58,606 contracts.

Week-over-Week Shift: Open Interest contracted by 11,624 contracts compared to the prior report (2023-08-01), while Gold's net Managed Money position decreased by 21,403 contracts.

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