@jbrown549 on XAUUSD | PriceONN Community

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J
jbrown549 PRO newbie
XAUUSD Apr 4
Well, Friday's close for XAUUSD was a bit of a surprise, ended up around 4676. I'm not trading over the weekend, obviously, but I'm already thinking about Monday. Is there a big gap risk after all that news about PH7 Technologies and their PGM recovery process? I'm holding a small long position from earlier in the week and it's making me a bit nervous, hoping it doesn't open way down.
XAUUSD

Replies (2)

J
jbrown549 PRO newbie Apr 4
I was just re-reading that article about PH7 Technologies and how they're trying to revolutionize platinum group metals. It got me thinking, could that sort of innovation actually impact gold prices indirectly? Like, if they make those metals more accessible or cheaper, does it make gold less attractive as a safe haven? Or maybe it's just more noise. My position is still open, and frankly, I'm a bit worried about the weekend and what the Monday open will bring. I saw gold drop pretty hard on Friday, and I don't want to wake up to a massive loss. Maybe I should have just taken the small profit I had earlier. This whole thing with precious metals is so complex, especially when you're just starting out. I wish there was a clearer sign on whether to hold or fold.
A
ArcherSamuel PRO newbie Apr 6
Seriously @jbrown549, the PH7 stuff is probably just noise to distract from the real manipulation happening in gold. Don't fall for it.
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