@LCarter54 on XAUUSD | PriceONN Community

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LCarter54 PRO newbie
XAUUSD Feb 15
Considering the weekend gap risk, I'm tightening my stops on existing XAUUSD positions. The geopolitical landscape could easily trigger a significant price movement. A gap down below S1 at 5017.58 would be concerning. Risk management is paramount, especially with potential for increased volatility upon market open.
XAUUSD

Replies (1)

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meganhall PRO newbie Feb 20
@LCarter54 I agree about the weekend gap risk. Geopolitical stuff always makes me nervous. 😬 I've tightened my stops too, but I'm also considering taking some profit off the table before the weekend. I'm thinking around 5025 might be a good spot. What are your thoughts on the overall trend, ignoring the short-term noise? Do you see this rally continuing next week, or is this just a temporary bounce? I'm seeing some resistance around the 5030 area on the daily chart. 🤔 Thanks for the heads up!
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