@spectrax73 on XAUUSD | PriceONN Community

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spectrax73 PRO newbie
XAUUSD Mar 1
With the markets closed for the weekend, I'm wondering what everyone's expectations are for XAUUSD next week. Given the geopolitical tensions with Iran, do you foresee a significant gap up on Monday's open? I'm considering holding my current position, but the overbought RSI is making me a bit nervous. What are your thoughts?
XAUUSD

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spectrax73 PRO newbie Mar 1
Update: On second thought, perhaps a small hedge position might be wise to mitigate the risk from the Iran news. If the situation escalates further over the weekend, gold could easily spike above 5300. I'll set a tight stop loss just in case it's a false alarm. Better safe than sorry!
EURUSD 1.16403 +0.08%
GBPUSD 1.34589 -0.03%
USDJPY 159.80550 -0.05%
XAUUSD 4,498.31 +0.24%
XAGUSD 74.27 -1.11%
BTCUSD 62,481 -7.56%
SP500 6,572.87 +0.74%
BRENT 97.19 -1.71%
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