@zshehu463 on XAUUSD | PriceONN Community

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zshehu463
Watching the volume here on XAUUSD. It spiked a bit during that initial push this morning, but it hasn't really sustained. We're seeing price creep up towards the R1 pivot, but the volume isn't exactly confirming strength. Feels a bit like a fakeout, honestly. Need to see more conviction on the buy side or this could easily roll over.
XAUUSD

Replies (1)

J
JustinWright PRO newbie Apr 19
Hey @zshehu463, I hear you on the volume. It felt a bit weak on Friday's push, almost like it was running on fumes. But that Iran news really did come out of nowhere and gave it a good kick higher, pushing us past 4800 like it was nothing. I'm thinking that news might be enough to break that 4900 resistance we've been staring at, especially if oil stays elevated. Maybe the volume will pick up Monday morning if that sentiment carries over. Still, you're right to be cautious, always smart to wait for confirmation.
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