@harrygreen53 on XAUUSD | PriceONN Community
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Friday's close was certainly impressive, but I'm hesitant to get overly bullish given the geopolitical situation. The news regarding the US and Israel's joint military action against Iran is concerning. Gold's surge is likely driven by safe-haven demand, which can be fleeting. It's crucial to assess how the market reacts to this news on Monday. A significant gap up is probable, but sustainability is questionable. I'll be monitoring the volume and price action closely to determine the true sentiment. Risk is high at these levels. A measured approach is advisable.