@pooja94 on XAUUSD | PriceONN Community

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Volume has been pretty low during this choppy sideways action. Doesn't feel like there's much conviction behind these small up and down moves. If we do see a breakout soon, I'll be watching volume closely. A surge with a breakout would make it more convincing, but if it stays low, it's likely just noise.
XAUUSD

Replies (1)

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vkumar815 PRO newbie Apr 9
Hey @pooja94, I agree about the volume. It’s been quite suppressed lately, which makes these smaller swings tricky to interpret. I’m watching the 50-SMA around 4738 as a potential support area. If we see a decisive break above the Bollinger upper band near 4757 with increasing volume, I might consider a short-term long, but for now, caution is warranted.
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