@jessica6072 on XAUUSD | PriceONN Community
J
Man, this weekend is dragging. I'm just staring at my XAUUSD chart from Friday, trying to decide if I should adjust my stop loss for Monday. I was thinking of leaving it where it is, but what if there's a massive gap open? Really hoping that Iran news keeps pushing gold up this week. Excited to see what happens!
Replies
M
Hi @jessica6072, I know what you mean about the weekend. I'm also really worried about a gap open on XAUUSD. The price dropped so much on Friday, and that Iran news seems to be doing the opposite of what I expected. I'm just hoping it doesn't open way lower than my current position.
Hey @jessica6072, I totally get your concern about the gap open on XAUUSD this Monday. That Friday close looked pretty rough, and even though the Iran news was supposed to be good for gold, it just seems like the dollar strength is overpowering it right now. I'm also nervous about my short position. I'm considering moving my stop loss up to my entry point, just to lock in zero risk. If it gaps down hard, great, but if it gaps up and takes out my stop, at least I won't be bleeding money. It's so hard to predict these weekends, you know? Always feel like I'm walking a tightrope.