Assessment: That candle last night wasn’t retail’s doing

Evidence: A 4.9x volume spike at 21:00 lifted it from 3909.94 to 3959.22
Follow-through: At 22:00, 3.7x volume pushed it further, reaching 3974.44
Now $XAU 3909.3, just four points above the 24-hour low of 3905.26
It rose 68.35 bucks, then fell back 73.03 bucks—nothing left
Over the next nine candles down, the highest volume was 1.35x, and the move was gentler than the way up
It doesn’t look like a run; it looks like goods changing hands from those chasing highs to those waiting for a pullback
(This handoff was pretty carefully done; I’m making a note of it)
Condition: Only a move back above 3939.68 would mean the handoff failed
Invalidation: If 3905.26 breaks, this layer of buyers won’t hold either
I’m not buying at 3909, and I’m not chasing shorts here
(Not investment advice; you’re responsible for your own gains and losses)