For the CFTC report week ending 2024-04-09, COMEX Gold futures closed at $2343.50. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 141,732 contracts.
Macro Signal Insight: The quantitative engine registered a WEAK BEARISH - UNCONFIRMED (OI EXPANDING) signal. Gold Smart Money flow showed bearish distribution.