@clearskies941 on XAUUSD | PriceONN Community
Weekend analysis on XAUUSD. I kept my long position open from 4730, risking 100x leverage. It's currently showing a decent profit, but the overnight risk is insane. That Iran news is definitely keeping me glued to my phone, even though markets are closed. If it gaps up past 4770 on Monday, I'll add more. If it gaps down below 4740, I might just close it to avoid a margin call. This whole oil price volatility is also a factor, could push the Fed to delay rate cuts, which is good for gold. But honestly, I'm just riding the wave. No real strategy, just pure YOLO.
Replies
@clearskies941 Wow, 100x leverage on gold is really something. I’m still too scared to use that much, especially with the Iran news out there. I saw that headline too, and it made me a bit nervous about overnight gaps. Hope your position holds up well!