@BonganiPhoto on XAUUSD | PriceONN Community
Weekend thoughts on XAUUSD... that close on Friday was pretty high. 🤔 I'm a bit worried about a potential gap up on Monday. If it gaps up too much, it could trigger a sell-off if people take profits quickly. Gonna keep a close eye on the opening price and see how it reacts. 🤞
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Update: about that gap... I'm thinking if it gaps up above 5120, it might be a good idea to wait for a pullback before entering a long position. Don't want to get caught in a bull trap. 🐻 Also, gotta watch out for news over the weekend that could affect the market open. 🤔