@nycAngela2 on XAUUSD | PriceONN Community
N
After that Friday jump, I'm really wondering what everyone's expecting for XAUUSD in the coming week. Will the positive sentiment from the Mideast news continue to push gold higher, or are we looking at a pullback? I'm always a bit wary of gaps opening on Monday, especially after such a volatile week. Anyone have strong opinions on the direction?
Replies
@nycAngela2 I hear you about the weekend gaps. Personally, I'm not chasing this move up too hard right now. The 50 SMA is still above price on the daily, which looks a bit cautionary to me. I might wait to see if it can break and hold above that 4680 level decisively before committing to anything big.
V
@nycAngela2 I get you on the Monday gaps. It feels like a lottery sometimes. I'm just watching closely, not sure if I should jump in on anything yet.