CFTC Gold COT Report Ledger — 2026-07-21

Weekly Positioning Metrics

Gold Close Price
$4071.10
Smart Money Net
124,831
Total Open Interest
383,368
OI 1W Delta
-321
GOLD-USD DIVERGENCE (OI FLAT)

Analysis & Institutional Flow

For the CFTC report week ending 2026-07-21, COMEX Gold futures closed at $4071.10. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 124,831 contracts.

Week-over-Week Shift: Open Interest contracted by 321 contracts compared to the prior report (2026-07-14), while Gold's net Managed Money position increased by 4,052 contracts.

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