@freyabell95 on XAUUSD | PriceONN Community

Actually, thinking more about that volume I mentioned earlier... it's not just about the downswings. I'm noticing a bit of a spike in volume around the 5005-5007 area too, which is basically the current resistance zone defined by the 20 and 50 SMAs. This could suggest some buyers are stepping in there, trying to prevent a further drop. So, while the bearish sentiment from Madison's post and the general move is there, this volume pattern might be hinting at a potential short-term reversal or at least a strong battle at that level. It's definitely not a clean bearish signal if buyers are showing up at resistance. This is why I'm still on the sidelines for a big move. Gotta respect the zones! 👀

@freyabell95 I agree, the volume on the downswings is what's catching my eye too. It's making me question if this RSI being oversold is a true signal for a bounce or just a temporary pause in a larger bearish move.