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GOLD ANALYSIS

Inside the candle: footprints

A footprint chart opens the candle up: at every price level inside it, how much volume traded, split by aggressor side. Where an ordinary candle reports the summary, the footprint reports the ledger, which levels absorbed selling, where buyers stacked imbalances, at what price the fight actually happened. It is the microscope of volume tools, with the microscope's usual trade-offs: powerful detail, demanding data, and easy over-interpretation.

📅 September 14, 2026⏱ 5 min readBy XAUUSDLiveChart Research Desk
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INSIDE THE CANDLE: FOOTPRINTS
XAU/USD
01

The anatomy

Each candle becomes a column of cells, one per price increment, showing seller-initiated volume against buyer-initiated at that exact level. From this, the classic patterns: stacked imbalances, consecutive levels where one side traded a multiple of the other, marking aggressive campaigns; high-volume nodes, the level where the candle did its real business; and finishing auctions at extremes, whether the last push traded into volume or vacuum.

02

The reads that earn their keep

Absorption localisation: the absorption signature visible at its exact price, heavy sell clusters at a low that refused to break. Imbalance trails behind initiative moves, which later act as the move's support ledger. And unfinished business, extremes that closed mid-fight, which price habitually revisits. Each read sharpens a structure decision; none replaces one.

03

The requirements and limits

Footprints need classified per-trade data, so spot gold offers none honestly; our footprint runs on a labelled proxy tape, per the CVD honesty rules. And the detail invites narrative-spinning: every candle contains cells that look meaningful in hindsight. The tool serves traders who arrive with a specific question, was that low absorbed?, and punishes those browsing for stories.

Q

FAQ

Do I need footprints to trade gold well?

No. They refine level-behaviour reads for flow-focused traders. Structure and risk discipline carry far more weight.

What is a stacked imbalance?

Several consecutive price levels where one side's initiated volume exceeds the other's by a large multiple: the trail of an aggressive campaign, often defended on retests.

Why does the footprint use proxy-market data?

Because spot gold has no classified tape. The proxy is a genuinely classified 24-hour market, and the label says so rather than pretending.

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