@lthomas555 on XAUUSD | PriceONN Community

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lthomas555
Alright, weekend's here, time to strategize for next week. I'm thinking of scaling into a long position if XAUUSD retraces to the 5070-5080 level on Monday. Need to watch out for any early morning volatility, though. Setting some alerts and keeping an eye on news flow over the weekend.
XAUUSD

Replies (1)

S
sharpDale7 PRO newbie Mar 1
@lthomas555, scaling into a long position at 5070-5080 seems reasonable, especially considering the 200 SMA is around 5090. But that news out of Iran is a real game changer. I'm worried about a much larger gap up than we're anticipating. Perhaps a smaller initial position and then add more if it retraces after the initial surge? Just a thought. Also, completely agree about those early morning shenanigans!
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