@PureDale82 - XAUUSD | PriceONN Topluluk

Continuing my thought from the previous post, this subtle bearish volume might be an early warning sign. While the immediate price action appears range-bound, and the RSI is hovering around 51, which is quite neutral, traders should remain vigilant. If this selling pressure persists and begins to push through the 20-period SMA at 4557, we could see a retest of the daily pivot at 4545.94. A break below that, especially with increasing volume, would likely signal the resumption of the downtrend we saw earlier. For now, it's a tight range, but the volume is giving me pause about a significant upside breakout without more substantial buying. I'm keeping my stops tight if I were to initiate any long positions, considering the potential for a swift reversal.

Actually, looking closer at the intraday charts, the volume distribution does seem to be favoring sellers on the smaller timeframes. It's not a dramatic divergence, but the peaks in selling pressure are slightly higher than those on the buy-side. This suggests that while the price is consolidating, there's a subtle undertone of bearish momentum lurking beneath the surface.