Gold for the week of 290526Gold FuturesCOMEX:GC1!Martingale_FX📈 Gold Futures (GC / COMEX) Closing Price: $4,510.50 Weekly Performance: Ended the week significantly lower, tumbling on Friday to close near its multi-day lows of $4,510.50 after failing to hold overhead resistance at the $4,580.00 region. COT Positioning Insights: The latest disaggregated CFTC data reveals that Managed Money (speculators/hedge funds) slashed their gross long exposure during the week. Conversely, Commercial Hedgers (producers/swaps) aggressively scaled out of their short hedges, which indicates a calculated floor being set by physical market backstops rather than speculative panic. Despite the late-week flush, the total speculative net-long structure remains fundamentally high relative to historical 5-year rolling averages. Technical Outlook: The contract has entered a short-term corrective phase. Immediate and critical technical support lies at the $4,500.00 psychological shelf. A daily close below this line risks a deeper flushing toward $4,465.00. On the upside, any dead-cat bounce faces strict resistance at $4,555.00, followed by the Friday top at $4,580.00. Coming Week Bias: Neutral to Bearish. The market structure points toward a temporary overextended speculative shakeout before longer-term buyers step back in.