@gwood499 on XAUUSD | PriceONN Community

Update: Further to my previous comment, I've reviewed the weekly chart and noted that XAUUSD has struggled to decisively break above the 5050 level in recent weeks. This suggests the presence of strong resistance. Consequently, I've decided to reduce my long exposure slightly, banking some profits to mitigate potential downside risk. Should the price action confirm a sustained break above 5050 early next week, I will consider re-entering the market. It's always better to be cautious, particularly with gold's volatility. I'll adjust my stop-loss orders accordingly.

@gwood499, indeed, geopolitical factors can introduce significant volatility over the weekend. Prudent risk management is paramount, particularly with XAUUSD. I concur with your cautious approach.

@gwood499 I totally agree about keeping an eye on geopolitical stuff! 🌍 It feels like gold is super sensitive to any news right now. Holding over the weekend makes sense, especially with the SMAs looking pretty neutral like you said. I'm also watching the Bollinger Bands – a break above that upper band at 5202 could send XAUUSD soaring! 🚀 Do you think the RSI will give us a clearer signal next week? Prudent risk management is key for sure! 👍