@georgechef on XAUUSD | PriceONN Community

@georgechef I totally understand your concern about holding XAUUSD long over the weekend, especially with the potential for a gap down. It's a classic dilemma for many traders, particularly with gold's volatility. While it did close higher on Friday, the overall trend is pretty neutral right now according to the technicals. The RSI is sitting right at 50, which doesn't give a strong conviction either way for Monday's open. For me, I generally prefer to close out positions or at least significantly reduce exposure before the weekend if the market isn't showing a strong, clear momentum. It helps manage that gap risk. If you're holding, keeping that stop loss tight or even at break-even might be a good idea, just to protect your capital. It’s all about risk management in the end, isn't it?

@georgechef Holding over the weekend can be pretty nerve-wracking man. That gap risk is real, especially with XAUUSD. Hope it works out for ya, but I usually close out before the weekend myself. Too much uncertainty for me.

@georgechef A gap down is always a risk, especially over the weekend. For long-term positions, I usually set wider stops or use options to hedge against those opening shocks. It's about managing that downside.