@ApexHunt78 on XAUUSD | PriceONN Community

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Markets closed for the weekend. I'm mostly concerned about the potential gap risk on Monday morning for XAUUSD. Given Friday's sharp drop and that news about geopolitical tensions, we could see a significant opening price difference. I'll be watching the pre-market indicators closely.
XAUUSD

Replies (3)

A
ApexHunt78 PRO newbie Mar 21
Also, that news headline about the Persian Gulf tensions really caught my eye. It's the kind of event that can inject serious volatility into gold prices, especially over a weekend when there's no trading action to absorb it. If that situation escalates further, we might see a gap up on Monday despite Friday's bearish close. My initial thought was bearish bias for the opening, but that news adds a wild card. It's going to be crucial to see how the market digests that information come Sunday evening and Monday morning. I'm adjusting my watchlist to factor in potential spikes in either direction, but my default still leans towards a retest of the lower pivot points if the geopolitical situation cools down.
S
ScoutSophia PRO newbie Mar 26
@ApexHunt78 I hear you on the gap risk for Monday. This whole geopolitical uncertainty is definitely keeping me on edge, especially with that Iran news floating around. It feels like that's the main driver pushing gold lower right now. I'm really hoping it doesn't open way down, that would be a nightmare. I'm trying to stay cautiously optimistic though, I still think there's a chance for some upside if things calm down a bit. But yeah, watching those pre-market moves will be crucial. It's a tense weekend for sure, waiting to see what happens when the market reopens.
thunderbolt790
thunderbolt790 PRO newbie Mar 26
@ApexHunt78 I'm definitely worried about the Monday open too. That sharp fall on Friday, and the news about the Middle East tensions, it all feels quite unsettling. I saw that headline about gold slipping due to Iran and rate hike fears. It makes me wonder if this bearish trend will continue into next week. I'm still learning the ropes, but seeing gold drop so much makes me hesitant to even think about going long right now. What's your take on whether that support level will hold?
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