Gold order book replay Oct 22: buyers absorbed

Today's gold order book: buyers absorbed 👀

Gold futures (GC), Thu Oct 22, rebuilt order by order from the exchange data:

• 11:11–11:23 ET: buyers lifted the offer at 4,073–4,077 (XAUUSD ≈4,057–4,061), 249 contracts net, and price barely moved
• The other side kept absorbing it
• Then gold dropped $18 by 12:21 ET

Big volume, no progress = absorption. Information, not a signal.

Heatmap and DOM rebuilt from real MBO data. Education only, not financial advice.