@stephanie89 on XAUUSD | PriceONN Community
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I'm really worried about what gold will do on Monday morning. That big drop on Friday has me thinking we could see a significant gap down, especially with all the news about mining companies struggling. I hope my stop loss is set correctly, I can't afford to lose more this week.
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Hey @stephanie89, I totally get your worry! That Friday drop was a bit brutal. 😥 I'm watching this too. The news about Iran is definitely adding some spice and could push gold up if things escalate, but then the strong dollar is pulling it back. It’s a tug-of-war! I’m holding off on opening anything big until we see a clearer direction. Hope your stop loss holds tight!
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Hey @stephanie89, I totally get your worry! That Friday drop was a bit brutal. 😥 I'm watching this too. The news about Iran is definitely adding some spice and could push gold up if things escalate, but I'm also seeing some weird price action that feels like it's trying to trick people. I entered a long position around 4450 thinking it would hold those lows, but now it's hovering around 4470 and I'm not sure if it's going to keep climbing or just pull back again. This whole situation with the markets feels so unpredictable right now, it's hard to know if you're catching a falling knife or jumping on a rocket. I really hope your stop loss is solid, fingers crossed for you that it doesn't get triggered by any crazy overnight moves.
Hey @stephanie89, I'm with you on being a bit nervous after Friday's drop. It looked pretty nasty. But honestly, I'm still feeling kinda bullish on gold long-term, especially with all the global stuff going on. Maybe it's just a dip before the next pump? NFA though!