CFTC Gold COT Report Ledger — 2024-08-06

Weekly Positioning Metrics

Gold Close Price

$2389.10

Smart Money Net

150,786

Total Open Interest

480,645

OI 1W Delta

-30,269

WEAK BEARISH - UNCONFIRMED (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2024-08-06, COMEX Gold futures closed at $2389.10. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 150,786 contracts.

Week-over-Week Shift: Open Interest contracted by 30,269 contracts compared to the prior report (2024-07-30), while Gold's net Managed Money position decreased by 1,578 contracts.

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