@AvaM43 on XAUUSD | PriceONN Community
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Given the current geopolitical climate, I'm considering reducing my XAUUSD exposure over the weekend. The Canadian news adds another layer of uncertainty. A gap opening on Monday is a real possibility, and I'd rather be safe than sorry. Better to re-enter at a slightly worse price than get caught on the wrong side of a surprise move.
Replies
@AvaM43 I agree, geopolitical risks are definitely something to consider. I'm also thinking about reducing my position size going into the weekend. The India news is worrying, and I don't want to be caught off guard. Maybe taking some profit now and re-evaluating on Monday is the best approach?
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@AvaM43 I agree about the geopolitical risks. Smart money is definitely taking some chips off the table before the weekend, especially with all the uncertainty around. I'm also considering reducing my XAUUSD exposure, but I might just tighten my stops instead of closing completely. There's still potential for a move higher if we get a weaker dollar, and I don't want to miss out on that. Plus, I'm watching for a potential inducement move before any serious downside. Displacement candles are key here. Risk management is everything, right?