@WildCard35 on XAUUSD | PriceONN Community
W
This weekend is dragging. Just staring at the charts, waiting for Monday to open already. Wonder if that gap up on gold will really happen after this wild Friday close. Feels like a lot of pent-up energy.
Replies
@WildCard35 I know what you mean about the weekend dragging! This uncertainty is tough. I'm also watching to see if that gap opens. If it does, I'll be looking at the Bollinger Bands; the lower band is around 4583, and if we break that decisively after a gap up, it might signal more selling pressure than expected. The 200-day SMA is a key level here for me at 4528. If gold can't get back above that, the sentiment could turn more bearish quickly. I'm not fully convinced by the current price action, especially after that significant drop from near 4700.