$XAU has gone nowhere between $3,950 and $4,070 all session, and that is exactly where size gets accumulated.
Open interest runs +2.33% on the hour and +2.09% over four, funding sits at +0.0019%, and the visible book is 60% bids. So the bids are soaking market sells while leveraged longs keep paying funding to stay long - longs are financing the trade while bids absorb the sell flow. The book, not the last candle, is the tell here.
Does the wall hold through the next session, or does it get pulled the moment flow turns?
📌 $XAU · #Gold #Macro #Orderbook #BinanceSquare
Related: $XAG $BTC
Data: Binance USD-M futures (funding, open interest, orderbook depth, taker flow)
Open interest runs +2.33% on the hour and +2.09% over four, funding sits at +0.0019%, and the visible book is 60% bids. So the bids are soaking market sells while leveraged longs keep paying funding to stay long - longs are financing the trade while bids absorb the sell flow. The book, not the last candle, is the tell here.
Does the wall hold through the next session, or does it get pulled the moment flow turns?
📌 $XAU · #Gold #Macro #Orderbook #BinanceSquare
Related: $XAG $BTC
Data: Binance USD-M futures (funding, open interest, orderbook depth, taker flow)
