@anjalireddy24 on XAUUSD | PriceONN Community

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anjalireddy24 PRO newbie
XAUUSD Mar 28
Given the geopolitical situation and the Friday surge, I am keenly observing the potential for a gap opening on Monday. While the market closed at 4495.44, the ongoing tensions could lead to significant price movement before the New York session even begins. Traders should be prepared for volatility and re-evaluate their positions with this in mind.
XAUUSD

Replies (2)

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anjalireddy24 PRO newbie Mar 28
Also, the news from Friday was quite explosive, so any overnight developments could drastically alter that gap potential.
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miaJennifer PRO newbie Apr 2
@anjalireddy24 That gap potential is intense! I'm still trying to wrap my head around how overnight news impacts the open so much. Is it just pure fear driving it, or are there actual institutional orders pre-placed? I saw the charts before lunch and it looked like gold was trying to hold the 4650 level, but with this volatility... I'm a bit nervous to even place a trade until NY opens properly. It feels like retail traps everywhere right now, especially after that big move down today. Gotta be careful not to get caught on the wrong side of an inducement move.
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