CFTC Gold COT Report Ledger — 2024-01-23

Weekly Positioning Metrics

Gold Close Price

$2023.70

Smart Money Net

61,033

Total Open Interest

465,872

OI 1W Delta

-23,462

WEAK BEARISH - UNCONFIRMED (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2024-01-23, COMEX Gold futures closed at $2023.70. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 61,033 contracts.

Week-over-Week Shift: Open Interest contracted by 23,462 contracts compared to the prior report (2024-01-16), while Gold's net Managed Money position decreased by 22,196 contracts.

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