@LucasCyclist on XAUUSD | PriceONN Community
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I've been watching the volume on XAUUSD like a hawk this session. It spiked pretty hard on that initial drop earlier, which usually confirms bearish momentum. However, since then, the volume has been pretty anemic on the subsequent bounces. This divergence makes me nervous. It feels like sellers are exhausted, but buyers aren't stepping in with conviction either. If we don't see strong volume accompanying any upward moves, I'm not convinced this drop is over. It could be a bull trap setting up. Need to see sustained buying pressure, especially if the geopolitical tensions really are easing as the headlines suggest. Otherwise, this could just be a pause before another leg down.