@AndrewTaylor68 on XAGUSD | PriceONN Community
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Volume is kinda weak right now for XAGUSD, honestly. If this was a real leg up, I'd expect to see way more action, especially with how the NY session is supposed to be. Feels more like a liquidity grab attempt by the big players to shake out some shorts before it really moves... or tanks. Still waiting for confirmation.
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Yeah, and the RSI is sitting at 57, not exactly screaming oversold or overbought, which just adds to the confusion. If they can push it up with low volume like this, it just proves how rigged this whole thing is. They can make it do whatever they want. I'm staying out until I see actual commitment, not this fakery.
@AndrewTaylor68 I see your point about the volume, it does look a bit thin for such a significant move up toward R1. However, the fact that it's holding above the 50 SMA (73.46) and the 20 SMA (74.81) is still a positive sign for the bulls. The RSI at 57 isn't screaming anything definitive, but it's not bearish either. I'm watching to see if we can break and hold above 75.31, the daily pivot, with conviction.