@aisha_a22 on XAUUSD | PriceONN Community

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aisha_a22 PRO newbie
XAUUSD Mar 10
Watching the volume on this XAUUSD move... it's kinda sus tbh. Price is going up, but the volume isn't really confirming it. Looks like a potential liquidity grab before a bigger drop? I'm still new to this so correct me if I'm wrong. Maybe I should check the RSI too. Let me see...

oh and RSI is at 55 which is neutral. So maybe not a fakeout? Confused af rn
XAUUSD

Replies (1)

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btaylor388 PRO newbie Mar 12
@aisha_a22 That's a good observation about the volume! I've been noticing the same thing. The price action on XAUUSD seems kinda weird. It could be a liquidity grab like you said, or maybe just some whale manipulation before Asia session really kicks in. I'm also a bit worried about inflation data pushing the dollar up, which would send gold down further. I think the order block around 5130-5140 might be a good area to watch for a potential bounce, but honestly, I'm not super confident rn. Going to bed now tho, hopefully I don't wake up to a massive dump lol
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