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keel
Ledger
64,754,298
Methodology
1.0.8-draft
Age
6s

XAU against USDC — what depth stands behind this price?

All assets

XAU / USDC

GBCB…LXAU

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
12.60 USDC (shortened; full value 12.60857832499587723145 USDC)Limited by manipulation cost
Depth within 5%
buy67.03 USDC (shortened; full value 67.0374267407280470112010668406 USDC)sell25.91 USDC (shortened; full value 25.918224917268630821080303839310290969819364916365 USDC)
Cost to move +50%
50.43 USDC (shortened; full value 50.4343132999835089258 USDC)Reachable through the order book
Checks
2 triggered3 not evaluated

History

Window
Resolution
Source

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Higher at the end of the window than at its start

Lowest
0.0000010 USDC (shortened; full value 0.0000010000000502784 USDC)
Highest
186.99 USDC (shortened; full value 186.997318347213741865945390349 USDC)
2026-09-11T23:48:28Z — 2026-10-02T10:09:32ZOne scale across every line on this chart
2% from mid
33.80 USDC (shortened; full value 33.8091349020329803480678943063 USDC)
5% from mid
67.36 USDC (shortened; full value 67.3644976178139168634517197552 USDC)
10% from mid
82.72 USDC (shortened; full value 82.7276541790037460886287292189 USDC)
22 readings from horizon, with no gaps reported. One source per chart.

Checks

What fires now, how long it has been firing across the window above, and what could not run.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingMANIPULATION_RATIO_LOW7 of 22
Nothing tradable within 2%ZERO_DEPTH_2PCT5 of 22

Not evaluated3

  • No genuine trade in 30 days
  • No genuine trade in 7 days
  • Volume may be wash traded

Evidence

The figures behind the verdict, as the engine served them.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
50.43 USDC (shortened; full value 50.4343132999835089258 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0 USDC

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
not computed

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
50.43 USDC (shortened; full value 50.4343132999835089258 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh