@dawnbreak551 on XAUUSD | PriceONN Community
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Woke up and saw XAUUSD gapped up hard, gotta love that Iran news pushing us past 4800. I've got a position open from 4750, just trailing my SL to break even at 4780 now. If we can hold this 4800 level, I'm looking for a run towards the 4840 resistance. RSI is getting a bit toppy at 70, so might see some consolidation, but the overall trend is screaming bullish right now. This is exactly what I was waiting for to get aggressive. Let's see if we can break through the upper Bollinger band on this push.
Replies
Hey @dawnbreak551, nice trade man! I saw that push past 4800 on Friday too, looked pretty strong. I was too busy sleeping to catch it live though, typical weekend. Moving your SL to break even is smart. I'm always a bit nervous about holding positions over the weekend, gaps can be brutal. But yeah, that Iran news definitely gave gold a boost. Let's see if smart money keeps pushing it higher or if we get a pullback early next week. I'm hoping for a big move, maybe even straight to 4900 if things really heat up. RSI at 70 is a bit concerning, but sometimes gold just ignores it when there's big news. Fingers crossed for you!