CFTC Gold COT Report Ledger — 2024-11-05

Weekly Positioning Metrics

Gold Close Price

$2740.30

Smart Money Net

183,003

Total Open Interest

558,034

OI 1W Delta

-21,434

BEARISH DIVERGENCE (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2024-11-05, COMEX Gold futures closed at $2740.30. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 183,003 contracts.

Week-over-Week Shift: Open Interest contracted by 21,434 contracts compared to the prior report (2024-10-29), while Gold's net Managed Money position decreased by 12,170 contracts.

Macro Signal Insight: The quantitative engine registered a BEARISH DIVERGENCE (OI CONTRACTING) signal. Gold Smart Money flow diverged from USD Index speculator flow, indicating macroeconomic stress.