@DanielDavies on XAUUSD | PriceONN Community
With the markets closed, I'm thinking about my XAUUSD strategy for Monday. Given the overbought RSI, a pullback might be likely. I'll be watching the 5200 level as a potential support. If it holds, I might consider a small long position, but will keep a tight stop loss just in case. The news about Iran could cause a gap up though. So a very small position is the right move.