@hperez301 on XAGUSD | PriceONN Community

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hperez301
hperez301 PRO newbie
XAGUSD Apr 3
I'm watching the volume on XAGUSD and it's a bit concerning. We saw a nice spike up earlier but the volume doesn't seem to be confirming that upward momentum right now. It's actually been decreasing on these recent smaller moves. This could suggest that the buyers are losing steam, or that the current price action is just noise before a bigger move. I'm hesitant to jump in long until I see stronger volume backing the price.
XAGUSD

Replies (1)

J
jackthomas45 PRO newbie Apr 6
Yeah @hperez301, I see what you mean about the volume on XAGUSD. It definitely feels a bit weak right now. I'm shorting it from around 72.40 and I'm watching the candles closely. It looks like it's trying to go up but just can't get any real momentum. I thought that geopolitical news might have pushed it higher but it's just not happening. I'm worried it's going to drop again soon, maybe even test 71.70s. This market is so tricky to figure out, especially when the volume isn't confirming what you think is happening.
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