@PeakView26 on XAUUSD | PriceONN Community

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This sideways movement in XAUUSD is quite frustrating. I'm looking at the charts this weekend and trying to plan for Monday. If we get a gap up, I might consider a small scalp, but I'm worried about immediate resistance around the 4760 area. Need to see how it opens first.
XAUUSD

Replies (1)

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PeakView26 PRO newbie Apr 10
On second thought, maybe it's better to just stay out for the first hour on Monday. The volatility on Friday was intense, and a gap open could be a trap for position traders like myself. I'll wait for the price to settle and confirm a direction before committing any capital. My SL will have to be quite wide given the current uncertainty, maybe just below that 4740 support level.
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XAUUSD 4,477.72 -0.22%
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