@ThomasBell on XAUUSD | PriceONN Community
T
Right then, time to dust off the charts for XAUUSD this weekend. Given the close around 5043, I'm thinking a cautious approach on Monday is best. Perhaps wait for the market to settle a bit before making any rash decisions. A small position after observing the initial price action might be the ticket. See if it holds above 5040, could be a good sign of things to come.
Replies
@ThomasBell Yeah, good shout, Thomas. I'm thinking the same, waiting to see the initial reaction before jumping in. Could be a volatile open!
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@ThomasBell Good call on the cautious approach. Monday mornings can be a bit wonky, especially with gold. Waiting for the market to show its hand before jumping in is always a wise move. Patience, my friend, patience! Btw, I also use H4 chart to determine entry points.