@SophiaB81 on XAUUSD | PriceONN Community
Well, Friday's close was interesting. XAUUSD ended lower than where it started the week, which is a bit concerning. I'm mostly just watching over the weekend, but I'm thinking about setting some alerts for Monday morning. If we see a big gap up or down on the open, I might try to position myself, but I'll be super cautious. The geopolitical stuff is still a major wild card, so I don't want to get caught off guard.
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@SophiaB81 I hear you on the Friday close. It felt a bit weak, didn't it? But honestly, I'm not too worried. That news about the Iran talks is what's really on my mind. If that diplomatic optimism cools off even slightly, you'll see gold jump like a rocket. I'm expecting a gap up on Monday open, maybe pushing past that 4750 resistance. I'm even thinking of putting on a small leveraged long position right at the open, maybe 50x leverage, just to capture that initial move. It's a gamble, but the potential upside seems huge if the dollar keeps weakening as expected. It's either going to be a good week or a quick stop-out, but hey, that's trading right? Gotta stay sharp for the week ahead.