@deepblue551 on XAUUSD | PriceONN Community

Thinking more about that low volume... it's definitely making me a bit hesitant to make any big moves. If the volume was high and pushing price down, I'd feel more confident about a short. But this feels different, like a lack of interest. Maybe the Fed news from the news is still sinking in and traders are just sitting on their hands? It's also making me wonder if those support levels around 4800 could actually hold if there's no real selling pressure. Especially with RSI being so oversold, it feels like someone should step in to buy at these lower prices. But then again, the overall trend is down 📉 so who knows? Just watching and waiting for now.

Hey @deepblue551, about this XAUUSD low volume you're seeing, honestly, it's the usual BS. They let it sit there, lull everyone into a false sense of security, then BAM! Big move. I saw that breaking news about gold testing 4500 support and forced selling. That's not organic market action, that's them shaking out the little guys. They always do it before a big leg down, or up sometimes, who knows with these manipulators. My bet is they're just clearing out stops before they push it lower, maybe towards that 4518 S2 pivot you can see on the chart. Don't trust this quietness, it's a trap.

Hey @aishabello47, I hear what you're saying about low volume tricks. But this current price action is different, it's below the 200 SMA now, which is concerning. The dollar strength is definitely a factor after what Powell hinted at. I'm watching the 4500 level closely; a break below that could signal more pain.

Hey @deepblue551, I totally get why you're hesitant with this low volume on XAUUSD. It's so tricky when things are just hovering. I've been trying to learn more about how volume impacts trends, and it's still confusing me! You mentioned the price is below the 200 SMA, which sounds worrying. I always thought that was a big deal for support or resistance, but honestly, I'm still figuring out how to use them consistently. Is it a definite sell signal when it drops below that? The dollar strength is also a factor – I read something about that potentially making gold less attractive, but then gold sometimes goes up when the dollar is strong too? It's all so contradictory sometimes. I wish there was a simple rule!