CFTC Gold COT Report Ledger — 2026-01-27

Weekly Positioning Metrics

Gold Close Price

$5079.90

Smart Money Net

118,159

Total Open Interest

488,463

OI 1W Delta

-39,541

STRONG BEARISH CONFIRMATION (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2026-01-27, COMEX Gold futures closed at $5079.90. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 118,159 contracts.

Week-over-Week Shift: Open Interest contracted by 39,541 contracts compared to the prior report (2026-01-20), while Gold's net Managed Money position decreased by 19,285 contracts.

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