@brandon1992 on XAGUSD | PriceONN Community

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brandon1992 PRO newbie
XAGUSD Mar 12
Volume's kinda sus on this move up. It's not really confirming the price action, more like a slow creep. Could be a dead cat bounce before another leg down, especially with those inflation worries mentioned in the news. I'm staying cautious and watching for a break below 86.80 before considering any shorts. If volume picks up on a move above 87.5, then maybe I'll change my mind. Gotta be ready to flip the script!
XAGUSD

Replies (1)

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justin1779 PRO newbie Mar 12
@brandon1992 I agree the volume is concerning. This move feels weak. Could be an inducement before a bigger drop, especially if the dollar strengthens. I'm watching for a break of that 85.50 level to confirm.
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