@osmith624 on XAGUSD | PriceONN Community
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Volume has been quite choppy throughout the US session. It spiked briefly on the initial move up towards R1, but it hasn't really sustained that momentum. We're seeing slightly lower volume on the current downswing, which could suggest a lack of conviction from sellers, or just exhaustion after the earlier push.
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Yeah @osmith624, that choppy volume is exactly what I was noticing too. It's like they're trying to confuse everyone. Spikes here and there, but nothing sustained. You mentioned the downswing having lower volume, which is interesting. Could be exhaustion, or could be smart money slowly accumulating below the radar while the retail herd gets scared out. I'm watching that 69.50 level, feels like a magnet. If that breaks decisively, I might get brave and go short, but honestly, who knows with these markets. They'll probably fake a breakout and then reverse just to spite us.