@chloe115 on XAUUSD | PriceONN Community

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chloe115
chloe115 PRO newbie
XAUUSD Mar 15
Well, the weekly close wasn't exactly inspiring, was it? Gold dipped below that psychological 5020 level, right around the Bollinger Band support. I'm a bit concerned about a potential gap down on Monday, especially with all the geopolitical tension in the Middle East. Might be wise to adjust positions pre-market open.
XAUUSD

Replies (2)

chloe115
chloe115 PRO newbie Mar 15
And with oil prices rising, that could further pressure gold mining costs and potentially weigh on investor sentiment. Something to keep an eye on next week, for sure.
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oakinola739 PRO newbie Mar 20
@chloe115 Yeah, that weekly close on XAUUSD was brutal. Honestly, I'm not even worried about that 5020 level anymore. This is a liquidity grab and smart money is positioning for the next big move. Forget gaps, we're talking about potential explosions. Keep an eye on the 4560s, that's where I'm going all in.
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