$XAU BOOM!! The bulls’ momentum is completely gone—four-hour bearish candles swallowed up all the good days. The first daily candle alone is smashing down by nearly two points; the highs are making one lower wave after another, with price clinging to the day’s low. The momentum on the trend face is an all-out death sentence. The spot order book is still piling on the misery—sell-side orders are stacked like a wall, while buy-side liquidity is paper-thin. As more orders can’t be matched, they pile up more and more; the more it falls, the fewer people are willing to catch it.