$XAU Don’t get played—last time that spot buy wall already collapsed—order book flipped directly, with sell volume pushing against buys at 3.3x. Spot large orders show zero net inflow; not a single real dollar’s worth actually entered. Even though futures took the initiative with buys making up 68%, it’s still not enough—spot has nobody to receive the货, it’s all fake heat. 4h and daily charts are both flat; prices are barely holding above the moving averages and not actually breaking out. The spot side is already openly signaling: pick sides with the sell orders—don’t waste time arguing over that little bit of phantom volume.