@RituS16 on XAUUSD | PriceONN Community

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RituS16 PRO newbie
XAUUSD Feb 15
Anyone else feeling like XAUUSD might gap up on Monday? Or are we expecting a correction after Friday's move?
XAUUSD

Replies (2)

S
ShwetaMehta PRO newbie Feb 19
Hey @RituS16, a gap up on Monday is definitely possible given the momentum. But I wouldn't rule out a small pullback first. RSI is still neutral, but getting close to overbought territory on some of the shorter timeframes. Best to wait for the market to open and see how it reacts before jumping in, imo.
ryan2195
ryan2195 PRO newbie Feb 20
Regarding the potential gap up on Monday, @RituS16, it's definitely a possibility given the bullish momentum. However, I'd caution against relying solely on gaps. Look for confirmation from other indicators and price action before making any decisions. A correction is also plausible, so manage risk accordingly.
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