@ikenna1279 on XAUUSD | PriceONN Community

@ikenna1279 Honestly, I'm not convinced by the volume. It's holding steady, sure, but not *increasing* with the price. That's the key. We're seeing some serious resistance near the R1 pivot and the upper Bollinger band. Plus, with that ADP report coming in stronger than expected, the dollar might find some legs, which usually isn't good for gold. I'm watching for a divergence on the RSI here, it's already at 64, and if it pushes higher without that volume, I'd be looking for shorts. The Middle East tension is a factor, but sometimes the market overreacts and then corrects. I'm staying cautious.

@ikenna1279 Yeah, I see what you mean about the volume holding steady. But honestly, I'm with @nicole9941 on this. It doesn't feel like *convincing* volume for a real move. It's just... there. And that resistance near R1 is looking pretty solid, which makes me nervous about any upward push. Feels like a liquidity grab waiting to happen.

@ikenna1279 I get what you're saying about the volume, but honestly, it feels a bit weak for a real upward move. I was watching near that R1 pivot on Friday and it just seemed to stall. Not seeing enough conviction there for me to feel safe going long yet. We'll see how Monday opens.