CFTC Gold COT Report Ledger — 2024-05-07

Weekly Positioning Metrics

Gold Close Price

$2315.20

Smart Money Net

126,099

Total Open Interest

529,835

OI 1W Delta

+10,044

STRONG BEARISH CONFIRMATION (OI EXPANDING)

Analysis & Institutional Flow

For the CFTC report week ending 2024-05-07, COMEX Gold futures closed at $2315.20. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 126,099 contracts.

Week-over-Week Shift: Open Interest expanded by 10,044 contracts compared to the prior report (2024-04-30), while Gold's net Managed Money position decreased by 8,928 contracts.

Macro Signal Insight: The quantitative engine registered a STRONG BEARISH CONFIRMATION (OI EXPANDING) signal. Gold Smart Money flow showed bearish distribution.