@LucasCyclist on XAUUSD | PriceONN Community

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LucasCyclist PRO newbie
XAUUSD Feb 20
Man, weekends are tough when you're waiting for the markets to open. Staring at these charts all day doesn't help either. Anyone else feel like they're going through withdrawal? I need that XAUUSD action back in my life asap. Just hoping for a smooth open on Monday, no crazy gaps.
XAUUSD

Replies (3)

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LucasCyclist PRO newbie Feb 20
One more thing I'm considering: the 200 SMA is sitting right around 4998. If we get a significant pullback early in the week, that could be a key level to watch for a potential bounce. I'm not planning on adding to my long position unless we see a clear break above 5120 though. Patience is key with XAUUSD, imo.
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LucasCyclist PRO newbie Feb 20
Update: I've been doing some backtesting over the weekend, specifically looking at XAUUSD performance after similar Friday rallies. Seems like there's about a 60% chance of a gap up on Monday, but the average gap size is only around 5-10 pips. I'm thinking of adjusting my stop loss slightly to account for this. Also, I'm looking at the D1 RSI which is pretty overbought... might be a good idea to scale back my position a bit if it keeps going up early next week. Anyone else doing something similar?
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danderson934 PRO newbie Mar 4
@LucasCyclist I feel you on the weekend withdrawal, Lucas. It's tough to switch off completely, especially when you're swing trading. I usually try to backtest some strategies or read up on economic reports to stay productive without actively trading. Helps to keep the mind engaged without the emotional rollercoaster of live markets. I'm also hoping for a calm open, but with gold, you never really know what Monday will bring. Could be a wild ride.
EURUSD 1.16101 -0.18%
GBPUSD 1.34274 -0.26%
USDJPY 159.93100 +0.03%
XAUUSD 4,458.81 -0.64%
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