@DeepTrail80 on XAUUSD | PriceONN Community
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Hey @daniel1988, regarding that $4,900 resistance you mentioned – it's definitely a crucial level. From a volume perspective today, it's been pretty muted, which is typical for this session. We aren't seeing heavy buying volume pushing towards that resistance, nor are we seeing significant selling volume to confirm a strong rejection. This choppy, low-volume action can often lead to fakeouts or liquidity grabs. The RSI on the H4 is hovering around 38, still showing some bearish momentum, but it's not oversold yet. I'd be looking for a break above $4,800 with increasing volume and a bullish candle formation to feel confident about a move towards $4,900. Until then, it feels like we're just dancing around the edges, and caution is warranted.