@ellabailey79 on XAUUSD | PriceONN Community
E
Given the current bullish momentum and the potential impact of the US-Iran situation, my plan for Monday is to wait for the initial market reaction before making any moves. I'll be watching the pivot points closely, especially R1 and R2, to gauge the strength of the upward trend. If we see a significant gap up, I'll consider a small short position to capitalize on a potential retracement. Otherwise, I'll look for confirmation of the bullish trend before entering a long position, with a tight stop-loss just below the nearest support level. Risk management is key in this kind of environment.