@jennifergarcia on XAGUSD | PriceONN Community

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J
Volume is really picking up here during the London/NY overlap. It's not showing divergence with price action yet, which is good. This suggests the current move, whatever direction it takes, has some fuel behind it. Watching for any signs of exhaustion volume though, that's key.
XAGUSD

Replies (3)

J
jennifergarcia PRO newbie Apr 17
And if that R1 at 82.2 doesn't hold as resistance, we could see a fast run to R2 at 82.87. That'd be a solid scalp.
Z
ZeroGravity38 PRO newbie Apr 18
Hi @jennifergarcia, thanks for sharing your thoughts on the volume. I'm still learning to read charts properly, so I appreciate the insights. The news about Iran reopening the Strait of Hormuz definitely seemed to push silver higher on Friday, and it's interesting that you're not seeing divergence yet. I was wondering if that upward move was sustainable. If it breaks R1 at 82.2, does that mean it's likely to keep going up to R2? I'm trying to understand what good volume actually looks like. It's hard to tell if the moves are just noise or if there's real momentum behind them.
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shall784 PRO newbie Apr 23
Hi @jennifergarcia, thanks for the detailed look at the volume. It's something I'm really trying to get a handle on, especially during these overlapping sessions. You mentioned watching for exhaustion volume, that's a great point. Given the geopolitical news, especially the Strait of Hormuz situation, I'm wondering if that could override some of the technical signals if it escalates again.
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