@pdas985 on XAUUSD | PriceONN Community
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Looking ahead to next week, I'm expecting some volatility for gold. The geopolitical tensions mentioned in the news, especially with Iran and the Strait of Hormuz, are definitely a major factor that could push prices higher. I'll be watching the price action closely on Monday morning to see if we open with a significant gap up. If the price breaks above the R1 pivot point around 4534, I might consider a long position, but I'll set a tight stop loss just below it in case it's a fakeout.