@EHall92 on XAUUSD | PriceONN Community
Anyone else notice the volume on this little dip? It's not exactly screaming 'panic selloff' to me. Feels more like a dead cat bounce before another leg up, tbh. I'm waiting to see if it confirms with another push, or if we just chop sideways all day. Need more conviction before I commit either way.
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played out like I expected btw, nice 😄 and oh and volume is dropping too, that's worth noting. Could mean the move is losing steam, or just that everyone's taking profits. I'm thinking about moving my stop to breakeven just to lock in some gains. Don't want to get caught in a reversal if this thing decides to tank. Still think there's upside potential, but better safe than sorry, right? Might even scale out a bit of my position if it hits 5180. Gotta protect the capital, especially with all this uncertainty in the market.
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Yeah @EHall92, I saw that volume contraction too on the dip. It's definitely not the kind of action that screams 'major sell-off incoming'. More like a brief pause for breath. Given the bullish trend we've been seeing, I'm leaning towards a continuation. The RSI is sitting right in that neutral zone around 51, so there's plenty of room to move up. I'm watching that Bollinger Band resistance around 5029 – if we push through that with decent volume, I might consider a long position. Just gotta be patient, right? This Asian session can be a bit of a tease sometimes.