$XAU is printing an absorption footprint near $4,020 - 3.5x the local book in a single band.
Funding is +0.0069%, so longs are paying to hold; open interest is +2.17% in the last hour and +3.25% over four; and bids hold 54% of visible depth. 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.
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)
Funding is +0.0069%, so longs are paying to hold; open interest is +2.17% in the last hour and +3.25% over four; and bids hold 54% of visible depth. 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.
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)
