@mscott116 on XAGUSD | PriceONN Community
M
Volume is pretty thin right now during this Sydney session, which isn't surprising. It's not really confirming the recent upward push we saw. I'd be looking for a significant increase in volume on a break above that R1 pivot around 75.50 to feel more confident about this move being sustainable.
Replies
Michelle, you're right about the volume being light. Honestly, I barely look at it during these slow sessions. For me, it's all about the leverage. If I'm feeling it, I'm going full margin, 100x or nothing. You either get crushed or you hit the jackpot. That's my kind of risk management, I guess. Gotta have balls to trade silver.
J
Hey @mscott116, I hear you on the volume. Friday's close was rough though, makes me a bit iffy about the upside next week. Hope you're right about that R1 break being a good signal.
P
@mscott116 I agree, the volume during this Sydney session is quite subdued, making any recent price action suspect. While I'm generally watching the S2 pivot at 72.07 as a potential area of interest if we see a dip, I'm hesitant to commit to a strong directional bias without confirmation. That R1 pivot at 72.91 is indeed a key level, but the lack of follow-through from previous sessions, especially Friday's close, gives me pause. It feels like we're in a holding pattern, possibly waiting for clearer macroeconomic signals, perhaps related to those inflation concerns Kiyosaki has been talking about regarding gold and silver. Until we see a decisive break with increased volume, I'll remain cautious.