Institutional Positioning Intelligence

Gold COT Dashboard.

Understand crowding, momentum, institutional bias, and divergence in one decision-ready view.

Crowded short
Latest report date Sep 08, 2026
Last updated Sep 17, 2026 23:15
Market category Metals

Trader Summary i

Large speculators are net short and added 1,322 contracts of net bullish exposure this week. Commercials are net long. Over the selected 52 weeks window, non-commercial net positioning is fading lower. Positioning is crowded short versus the 52-week history. Within the selected 52 weeks range, positioning sits around the 13.5 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.

Key Metrics

Non-Commercial Net Position

-26,095
+1,322 (+4.82%)
Bearish

Commercial Net Position

8,018
+53 (+0.67%)
Bearish

Non-Reportable Net Position

18,077
-1,375 (-7.07%)
Neutral

Weekly Change in Net Position

1,322
+1,322
Bullish

13-Week Average Net Position

-18,206
+9,211 (+33.60%)
Bearish

52-Week Percentile

13.46%
N/A
Warning

Long Contracts

29,224
+1,256 (+4.49%)
Bullish

Short Contracts

55,319
-66 (-0.12%)
Bullish

Long/Short Ratio

0.53
+0 (+4.62%)
Bearish

Open Interest

87,451
+3,897 (+4.66%)
Neutral

Open Interest Weekly Change

3,897
+3,897
Bullish

Net Position Trend

Long vs Short Exposure

Weekly Net Change

Positioning Percentile (52 weeks)

Current selected-window percentile: 13.46%. 0-20%: crowded short, 40-60%: neutral, 80-100%: crowded long.

Price vs COT Overlay

COT Divergence Detector

Crowded trade warning

Current speculative net positioning is at an extreme relative to the last 52 weeks.

Participant Breakdown

Participant Group Long Short Spreading Net Weekly Change 13-Week Avg 52-Week High 52-Week Low Percentile Bias
Non-Commercial 29,224 55,319 7,427 -26,095 +1,322 -18,206 4,248 -40,665 13.46% Bearish
Commercial 8,018 0 0 +8,018 +53 7,296 8,018 0 100.00% Bullish hedge bias
Non-Reportable 42,782 24,705 0 +18,077 -1,375 10,909 39,169 -4,248 76.92% Bullish
Total 44,669 62,746 0 -18,077 +1,375 -10,909 4,248 -39,169 25.00% Bearish

Historical Statistics

Max net position+353,649
Min net position-40,665
13-period average-18,206
26-period average-19,321
52-period average-18,832
Current vs average-7,263
Current percentile13.46%
Highest long position35,779
Highest short position67,241
Highest open interest796,883

Trader Education

Non-Commercial Commercial Non-Reportable Open Interest Net Position Long/Short Ratio Positioning Percentile

Final Market Bias Panel

Speculator BiasNet short
Commercial BiasNet long
Positioning ExtremeCrowded short
Weekly MomentumIncreasing
Open Interest ConfirmationNeutral
Overall COT SignalCrowded short
  • Non-commercials remain net short.
  • Net positioning percentile is 13.5% over 52 weeks.
  • Weekly net change is 1,322.
  • Commercials remain net long this week.
  • This is positioning intelligence, not a direct buy/sell trigger.
COT data is delayed and should not be used as a direct entry signal. It is best used to understand positioning, market sentiment, crowding, and potential macro bias.
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