For the CFTC report week ending 2023-09-26, COMEX Gold futures closed at $1900.40. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 23,438 contracts.
Macro Signal Insight: The quantitative engine registered a STRONG BEARISH CONFIRMATION (OI FLAT) signal. Gold Smart Money flow showed bearish distribution.