Gold (COMEX)
Gold positioning
Price series: Gold futures (front month) · positions as of Tuesday Nov 3, 2026, published Friday Nov 6, 2026
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.
Signal log — Managed money
Every past signal in this market, and what price did afterwards.
Every rolling 8-week window classified as a bullish or bearish divergence, or as convergence where price and positioning agree. Price change is in percent; net change is in contracts.
Each row covers one stretch of weekly reports: the % is the price change over that stretch, the net figure is the change in the group's net position, in contracts.
- Convergence — healthy downtrendAug 4, 2026 → Nov 3, 2026price -6.5% · net position -27,152 contracts
- Convergence — healthy uptrendJun 9, 2026 → Sep 22, 2026price +1.9% · net position +21,526 contracts
- Bullish divergenceApr 7, 2026 → Jul 28, 2026price -14.2% · net position +29,763 contracts
- Convergence — healthy downtrendJan 20, 2026 → Apr 28, 2026price -6.7% · net position -47,692 contracts
- Bearish divergenceDec 9, 2025 → Mar 10, 2026price +16.9% · net position -25,149 contracts
- Convergence — healthy uptrendOct 14, 2025 → Jan 20, 2026price +18.2% · net position +29,134 contracts
- Bearish divergenceAug 5, 2025 → Dec 2, 2025price +21.5% · net position -33,663 contracts
- Convergence — healthy uptrendApr 22, 2025 → Sep 23, 2025price +15.5% · net position +39,647 contracts
- Bearish divergenceJan 7, 2025 → Jun 3, 2025price +23.3% · net position -54,059 contracts
- Convergence — healthy uptrendNov 12, 2024 → Feb 25, 2025price +10.8% · net position +14,516 contracts
- Convergence — healthy downtrendOct 22, 2024 → Dec 24, 2024price -4.5% · net position -39,663 contracts
- Bearish divergenceSep 24, 2024 → Nov 19, 2024price +1.7% · net position -63,855 contracts
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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.