@tdavies777 on XAUUSD | PriceONN Community

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tdavies777
Well, what a week for gold. That US and Israel news has got me on edge tbh. Safe haven assets are going to be all the rage now. I'm expecting a big gap up on Monday when the markets open. Hoping to catch a good entry point early in the week. The weekly close was strong, but I'm still cautious, especially with that RSI so high.
XAUUSD

Replies (1)

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brittanymoore99 PRO newbie Mar 4
@tdavies777 I agree, the geopolitical situation is definitely adding some extra spice to the gold market. A gap up on Monday is definitely possible, but I'd be cautious about jumping in blindly. Remember to consider the overnight session activity and potential profit taking before you open a trade. Sometimes the initial gap fades pretty quickly. Also, look at the D1 RSI, it's not exactly screaming 'buy'. Plan your entry and SL levels carefully, and good luck!
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