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Watching XAUUSD over the weekend. That Friday plunge was significant, pushing RSI deep into oversold territory. I'm considering if this might be a setup for a gap-up on Monday, especially if the geopolitical tension headlines continue. Need to manage any existing exposure carefully.
The way gold dropped on Friday, it almost looked like some big players were exiting positions quickly. If that's the case, a gap up might just be a trap. I’ll be looking for confirmation candles early next week before even thinking about going long again.
