Free tool · COT weekly + CME gamma daily

Gold Confluence Score

Synthesizing weekly CFTC Smart Money positioning with daily CME Options Dealer Gamma regimes into one daily alignment read.

COT -- Gamma --
Synthesized Market Alignment Read
CALCULATING...

Loading dual positioning engines...

CFTC report -- CME trade date --
01

The two signals

Two engines computed independently. The score is where they agree or disagree.

CFTC COT Positioning Loading...
Macro-adjusted score -- / 100

Directional Bias --
Macro-Adjusted Score --
Smart Money Net --
Total Open Interest --
Open COT Terminal →
CME Gamma Regime Loading...

Gamma Regime --
Spot Price --
Call Wall / Put Wall --
Zero Gamma Flip --
Active Contract --
Open Gamma Dashboard →
02

Alignment matrix

Five possible reads. This week’s is highlighted.

Dealers above flip
(long gamma)
Dealers below flip
(short gamma)
COT bullish

Aligned bullish

Funds and dealer hedging both support upside, with calmer pullbacks.

Diverging

Funds buying while dealer hedging keeps moves fast. A coiled market.

COT bearish

Diverging

Funds selling while dealer hedging damps swings. Watch which side gives in.

Aligned bearish

Fund selling and dealer short-gamma hedging both push price lower and faster.

COT neutral

Mixed / no clear confluence

COT shows no clear direction, so the read is inconclusive whatever the gamma regime.

03

How it works

Three steps, no black box.

1

COT bias, every Friday

The CFTC report shows how hedge funds (managed money) are positioned in gold. Our COT engine turns it into Bullish, Bearish or Neutral with a 0–100 score.

2

Gamma regime, every CME session

From the settled CME gold options we find the zero gamma flip. Above it dealers damp moves; below it they amplify them.

3

Combine the two

Same direction means aligned. Opposite directions mean diverging. A neutral COT gives no clear read.

How the Gold Confluence Matrix Works ▼

Combining Two Independent Institutional Engines

The Gold Confluence Score cross-references macro positioning from macro speculators (CFTC Managed Money) with micro market-structure dynamics from options dealers (CME Gamma Exposure).

COT Bias Dealer Gamma Regime Confluence Classification Market Interpretation
BULLISH ABOVE FLIP (Long Gamma) ALIGNED BULLISH Institutional flow and dealer hedging both support upside continuation with dampened downside volatility.
BEARISH BELOW FLIP (Short Gamma) ALIGNED BEARISH Institutional selling and dealer short-gamma hedging both reinforce downside pressure and volatility acceleration.
BULLISH BELOW FLIP (Short Gamma) DIVERGING (Bullish COT / Bearish Gamma) Smart money accumulating while dealer hedging remains in a volatile, trend-accelerating regime. Coiled condition.
BEARISH ABOVE FLIP (Long Gamma) DIVERGING (Bearish COT / Bullish Gamma) Institutional flow is bearish while dealer long-gamma hedging dampens price swings. Watch for resolution.
NEUTRAL ANY REGIME MIXED / NO CLEAR CONFLUENCE COT positioning shows no clear directional bias; confluence read is inconclusive for the week.
COT Bias Engine Methodology → Gamma Exposure Methodology →
Institutional Signal Disclaimer: This is an educational alignment indicator combining two independently-computed signals. It is not a trading signal, prediction, or recommendation. Divergence does not imply an imminent move in either direction.