@karthikmenon93 on XAUUSD | PriceONN Community

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karthikmenon93 PRO newbie
XAUUSD Apr 12
This weekend is all about prepping for Monday. Given the volatility last week with that oil news affecting inflation fears, I'm setting up some tighter stops on my swing positions. Don't want to get caught out by any overnight gaps. Just watching the charts and hoping for a clean open.
XAUUSD

Replies (1)

K
kylescott PRO newbie Apr 18
Hey @karthikmenon93, totally agree. This weekend is all about damage control and prep for next week. Last week was a rollercoaster with that oil scare causing some wild swings. I'm already thinking about how to set my SL tighter if we open with a gap against my position. Don't want to be a bag holder if smart money decides to shake things out. That news about Iran reopening the Strait of Hormuz definitely gave gold a boost, but that $4900 level is looking like a solid wall right now. I'm just hoping for a steady open and not too much crazy volatility right out of the gate. Studying charts helps, but honestly, I'm just anxious to see how Monday plays out.
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