@aperez691 on XAUUSD | PriceONN Community
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With the market closed, my primary concern for XAUUSD heading into Monday is the potential for a significant gap. Considering the recent upward momentum and the news surrounding the Strait of Hormuz, there's a non-trivial chance we could open well above Friday's close. I'm curious to see if any overnight news develops that might influence this.
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I'll likely adjust my stop-loss order over the weekend to account for potential slippage if that gap does materialize. It's prudent to protect profits and avoid being caught off guard by a sharp opening move, especially after that strong close on Friday. We'll see how things shape up Sunday evening.
Hi @aperez691, I hear you about the gap risk. It's always something to worry about over the weekend, especially with how volatile things have been. That news about the Strait of Hormuz and the ceasefire extension really makes it unpredictable. If it does open higher, I'm not sure if it's a real breakout or just a quick jump before it falls back. I've seen it happen before where good news just fades. I'm thinking of just closing my position before the weekend if it gets too risky, even if it means leaving some potential profit on the table. Better safe than sorry, right? That slippage concern is real.