$XAU 4306, we're back near the previous high.
Earlier, 4064 said that with a thin buy-side, one hard sell and it would break through. Now the order book is thicker, and the structure is indeed better. But the problem is here—at this level, the takers are selling; in seven hours, they cut two tenths. The whale positions are also decreasing. Prices are rising, but money is moving out.
Open interest has built up to almost two tenths more, yet the funding rate is still zero. With so many positions, nobody is willing to pay more. I really don’t get it.
That’s it.
#xau $XAU
Earlier, 4064 said that with a thin buy-side, one hard sell and it would break through. Now the order book is thicker, and the structure is indeed better. But the problem is here—at this level, the takers are selling; in seven hours, they cut two tenths. The whale positions are also decreasing. Prices are rising, but money is moving out.
Open interest has built up to almost two tenths more, yet the funding rate is still zero. With so many positions, nobody is willing to pay more. I really don’t get it.
That’s it.
#xau $XAU