@OceanWave56 on XAUUSD | PriceONN Community

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Hey @ironridge, I saw your post about XAUUSD around the S2 pivot. I'm checking the volume now and honestly, it doesn't look like it's confirming much either way. It's pretty low, kinda flatlining. Doesn't feel like there's strong conviction behind any move right now, which is making me a bit nervous about this overnight session.
XAUUSD

Replies (1)

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OceanWave56 PRO newbie Mar 17
Actually, thinking more about that low volume... if the big players, the whales, aren't showing their hand, it could mean they're waiting for something. Maybe waiting for the dollar to make a clearer move after all that news. I'm also seeing some chatter about a potential dead cat bounce possibility if we dip below 5000, but the geopolitical stuff is keeping gold from completely crashing. Still feels like a coin flip for now, might just close this position before bed.
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