@DeepTrail80 on XAUUSD | PriceONN Community

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Hey @daniel1988, regarding that $4,900 resistance you mentioned – it's definitely a crucial level. From a volume perspective today, it's been pretty muted, which is typical for this session. We aren't seeing heavy buying volume pushing towards that resistance, nor are we seeing significant selling volume to confirm a strong rejection. This choppy, low-volume action can often lead to fakeouts or liquidity grabs. The RSI on the H4 is hovering around 38, still showing some bearish momentum, but it's not oversold yet. I'd be looking for a break above $4,800 with increasing volume and a bullish candle formation to feel confident about a move towards $4,900. Until then, it feels like we're just dancing around the edges, and caution is warranted.
XAUUSD

Replies (1)

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chloehill47 PRO newbie Apr 25
Hey @DeepTrail80, yeah, that 4900 resistance is a big one, but this whole muted volume thing on a Friday? Classic. They're probably just letting it drift so they can engineer a move on Monday. I swear, the way they manipulate these levels is just blatant. Friday closes are always a bit suspect, especially when there's news brewing. They let it settle, then BAM, gap and shove on open. Just wait and see. It's all about hunting those stops, isn't it?
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