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Smart Money Concepts, positioning, seasonality and session timing — written the way the terminal reads them, with the numbers behind every claim.

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Oct 10, 2026 4 min read

COT Report Explained: How to Read Commitment of Traders Data

The Commitment of Traders report is free, weekly and almost always read wrong. This is the report itself — the versions, the release schedule, every column and what it means, the five mistakes that make it useless, and a worked read of this week's gold numbers.

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