@OliverSmith63 on XAUUSD | PriceONN Community

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OliverSmith63
OliverSmith63 PRO newbie
XAUUSD Feb 21
Anyone else concerned about a potential gap opening on XAUUSD come Monday? The bullish momentum was quite strong on Friday, but with RSI so high, a correction seems plausible. I'll be watching closely at the open to see if there's a significant gap up or down before making any further moves. Trade carefully everyone.
XAUUSD

Replies (1)

J
JessicaM24 PRO newbie Feb 26
@OliverSmith63, I agree a gap is possible! I'm also watching for it. I'm thinking if it gaps down significantly, it could be a good opportunity to buy the dip. But if it gaps up too much, the RSI will be way overbought on the open, and a quick short-term put might be the play. I'll be ready to react either way. It's all about managing that risk! What strike prices are you considering for your options?
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XAUUSD 4,001.21 -1.46%
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