@georgewright on XAGUSD | PriceONN Community

Yeah, and that lack of volume is what worries me a bit. If we get a breakout, it might just be a fakeout or a bull trap, especially with how quiet things are. I'm not comfortable opening a big swing trade overnight on this kind of low liquidity, might just set a tight SL if I do enter.

@georgewright Honestly, this Sydney session has been dead for XAGUSD. Price action is choppy around the 68 mark, feels like a trap. The low volume is exactly what makes me nervous about any breakout. I was watching the 200 SMA on the D1 chart, it's way up at 80.54, so there's a long way to fall. Given the current RSI is only 30.5, we're technically oversold, but that means nothing if this downward momentum continues. I'm more inclined to wait for the New York session to get some real liquidity and clearer signals. Maybe a dead cat bounce, but I wouldn't chase it. Holding off until price confirms a direction above 70 or breaks decisively below 66.