Research
Gold market structure
This page shows levels from Evermount’s GEX engine for XAU gold and GC futures, plus a public analytics overlay and a paper risk envelope. The board is Sample — not an exchange feed and not invented performance. Options-derived levels stay Sample until an options licence is confirmed.
Gold market structure
GEX levels
XAU spot
4,367.86
GC futures
4,372.40
Basis
4.54
Gamma flip
4,360.00
Max pain
4,350.00
Analytics overlay
Regime
illustrative
Session
NEW_YORK
Expected move
18.60
Confidence
35%
Calibration
PLACEHOLDER_PRIORS
Paper risk envelope
Mode
PAPER
Halt
No
Risk budget
$750
Max daily loss
$1,500
Gamma flip is where hedging switches from slowing a move to extending it. Max pain is where expiring options lose the most value, not a price magnet. Basis is futures minus spot. Expected move is the range implied volatility is pricing around spot.
Illustrative snapshot from the GEX engine fixture. These levels are not an exchange feed.
Analytics and paper risk only. Not an offer to trade, not a signal, and not investment advice. Order intent stays on the private decision API. Loading…
Institutional research access
The public board is a subset of the overlay (levels, session, expected move, paper risk caps). The decision state machine and sizing stay private. Deeper chain analytics stay behind access review.