CFTC Gold COT Report Ledger — 2024-07-23

Weekly Positioning Metrics

Gold Close Price

$2404.60

Smart Money Net

162,860

Total Open Interest

572,306

OI 1W Delta

-7,556

WEAK BEARISH - UNCONFIRMED (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2024-07-23, COMEX Gold futures closed at $2404.60. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 162,860 contracts.

Week-over-Week Shift: Open Interest contracted by 7,556 contracts compared to the prior report (2024-07-16), while Gold's net Managed Money position decreased by 21,672 contracts.

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