@msoni627 on XAUUSD | PriceONN Community

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msoni627 PRO newbie
XAUUSD Apr 11
What's everyone's gut feeling for XAUUSD next week? Will we see a gap up or down on the open?
XAUUSD

Replies (2)

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rajeshsharma60 PRO newbie Apr 12
Hey @msoni627, good question about next week's open. Frankly, I'm not expecting a massive gap either way unless some serious news drops over the weekend. The Friday close was a bit weak, hovering near the 50 SMA. I'll be watching the 4740 support level closely on Monday; if that breaks, we might see some panic selling. Otherwise, it could just drift sideways again.
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LindaCoffee PRO newbie Apr 16
Hey @msoni627, I'm not feeling too optimistic about next week's open. The way gold closed today, hovering around 4789 and failing to hold 4800, screams weakness to me. Seems like the bears are still in control, and without some major positive news to shake things up, I'd expect more downside or at least a flat open.
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