BearPaws

XAU

Gold
Bearish
Score
-3.59
1D %
+0.00%
1W %
-0.09%
1M %
-3.97%

Score is momentum-driven for XAU; broad macro-indicator coverage isn't available yet, so treat the conviction as lower.

Score History · XAU

90 pts · intrinsic
-3.59Δ window+3.44

Macro Indicators

No indicators catalogued for XAU yet. FRED (free) covers USD only; EUR/GBP/JPY/etc. sourcing is coming soon.

COT Positioning

non-commercial · weekly
Long
207984
Short
34147
Net
+173837
ReportNetΔ longΔ short
2026-06-09+173837+1888+4071
2026-06-02+176020+5392-16368
2026-05-26+154260-10314-4741
2026-05-19+159833-8775+3014
2026-05-12+171622+7979-340
2026-05-05+163303-4-3736
2026-04-28+159571-1075+3360
2026-04-21+164006+2884+1404

Net = long − short. Heavy positive net = crowded long (contrarian risk when paired with negative fundamental score).

View XAU outlookFundamental strength, COT lean & news read

XAU · frequently asked questions

What does the Gold (XAU) intrinsic score mean?
The Gold intrinsic score is a single fundamental-strength reading for XAU, blending macro indicators with price momentum. A positive score points to inflationary or strengthening pressure, a negative score to deflationary or weakening pressure, and a near-zero score to a balanced stance.
Is XAU bullish or bearish right now?
Gold (XAU) currently reads bearish: its fundamental strength and momentum lean negative. Its latest reading is -3.59. This is market context (a weeks-to-months bias, not an entry signal), so wait for price action to confirm before acting.
What macro indicators feed the XAU score?
The XAU score draws on macro inputs including PMI, Services PMI, the Consumer Confidence Index, Retail Sales, Building Permits, and the employment report. These readings are synthesised into a directional consensus and combined with price momentum to produce the intrinsic score.
How is XAU COT positioning used?
Commitment of Traders (COT) data shows how non-commercial (speculative and institutional) traders are positioned in XAU. BearPaws uses it for trend confirmation or contrarian reads alongside the intrinsic and cross-pair scores, not as a standalone signal.