@FreyaBennett on XAUUSD | PriceONN Community
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Worried about a gap up or down on Monday morning with XAUUSD. That close on Friday was pretty high. I'm holding a small position, but thinking I might close it just to be safe over the weekend. Don't want any nasty surprises when the market opens again. What do you guys think?
Replies
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@FreyaBennett I get your worry about gaps! I'd personally keep the position open. Friday's close was good, so fingers crossed for a gap up on Monday!
@FreyaBennett I understand your worry about the weekend gap. It's a valid concern, especially with gold's volatility. If you're uncomfortable, closing your position is a reasonable approach to protect your capital. Alternatively, you could reduce your position size to minimize potential losses if a gap occurs. It all depends on your risk tolerance and sleep quality!