Gold (COMEX)

Gold positioning

Price series: Gold futures (front month) · positions as of Tuesday Nov 3, 2026, published Friday Nov 6, 2026

Last weekly close · Gold futures (front month)
4,114
Managed money net position (contracts)
103,614

This week · published Nov 6, 2026

Gold, week of Nov 3, 2026: Managed money sit at the 38th percentile of their 3-year range. They cut 1,948 net long contracts on the week. 8-week signal: convergence — healthy downtrend.

Convergence — healthy downtrendSep 8, 2026 → Nov 3, 2026 · 8-week window · confirmed by 2 categories

Price and positioning are falling together: the downtrend is well supported.

Price -6.7% · managed money net position -31,358 (contracts, over 8 weekly reports)

Price vs positioning (contracts)

Price on top, and what the big traders were holding underneath it.

Trader groups on the chart — tap to show or hide

Left axis: net position in contracts. Right axis: price (Gold futures (front month)). Net position = long contracts minus short contracts. Above the zero line = net long.

Signal classification tracks bullish divergencebearish divergenceconvergence (healthy trend)

More in Metals

Source: CFTC Commitments of Traders — positions as of Tuesday, published the following Friday. All position figures are futures contracts unless the % of open interest view is selected. Positioning is a sentiment tool, not a timing signal. Not investment advice.