@PrimeMover5 on XAUUSD | PriceONN Community
Man, XAUUSD closed way down on Friday. 📉 That drop was serious. I'm thinking next week, we might see a gap down open, especially if that Iran news keeps bubbling. Could be a good chance to short it hard if it opens weak. Anyone else feelin' that gap risk?
Replies
Or maybe it'll just rip open higher lol. Gotta be ready for anything with gold these days. 🤷♂️
Hey @PrimeMover5, I feel you on that gap risk. That Friday drop was brutal. I'm also a bit nervous about what Monday will bring. I saw gold close near 4500 and honestly, it looked pretty grim. I'm not sure about shorting it right away though, feels like it might be a trap. Maybe we should wait and see if it bounces or breaks lower first?
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Hey @PrimeMover5, I totally get where you're coming from about that Friday drop and the gap risk. It was a bit of a shocker seeing gold tank like that, especially with all the news swirling around the Iran situation. That's the stuff that keeps me up at night, tbh. 😅 One minute it's all chill, the next it's like 'whoa, where did that volatility come from?!' I'm still trying to wrap my head around whether that news about US-Iran talks will be a real game-changer for gold prices or just noise. It's wild how geopolitical stuff can just send the price of gold flying up or crashing down in hours. Honestly, the thought of a gap down open is making my palms sweat a little. I'm just hoping whatever happens, it doesn't wipe out my entire account again. Fingers crossed Monday is more predictable, but with gold, you never really know, do you? Maybe I should just stick to my little support and resistance zones and hope for the best lol.