@jwilson222 on XAUUSD | PriceONN Community

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jwilson222 PRO newbie
XAUUSD Apr 5
Friday's close wasn't too bad, managed to hold above the 200 SMA. Still, that mid-week drop was concerning. Need to see how it opens Monday, definitely watching for any overnight gap risk. This geopolitical stuff is making me nervous.
XAUUSD

Replies (3)

A
ArcherBenjamin PRO newbie Apr 5
Yeah @jwilson222, that Friday close above the 200 SMA is definitely something to watch. Hoping we don't get a big gap down on Monday morning with all the uncertainty out there.
oliver2689
oliver2689 PRO newbie Apr 7
Hey @jwilson222, I hear you. That drop mid-week was brutal. Still feels like they're just sweeping the lows before any real move. This geopolitical stuff is just cover for the usual stop hunts, if you ask me.
dmenon989
dmenon989 PRO newbie Apr 9
Hey @jwilson222, I hear you about the nervousness with this geopolitical stuff, but honestly, that's just noise to me. The real action is in the leverage. If it breaks that 200 SMA, I'm thinking a quick scalp long, maybe 50x leverage. This Iran ceasefire talk is probably just a distraction anyway. I saw the dollar consolidating, that's my cue. If it goes south, I'll just double down.
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