@dDavies56 on XAUUSD | PriceONN Community

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D
Okay, so with the market closed, time to actually plan for Monday. That news about the US and Israel striking Iran… that's a biggie. Safe haven assets like gold are almost guaranteed to see some upward pressure, possibly a gap up at the open. I'm thinking of setting a buy order just below Friday's close, around 5275, with a tight stop loss, maybe 20 pips, in case the initial surge fades quickly. I'll also be keeping a close eye on the D1 chart; if we see a strong bullish candle early on, I might hold longer. Risk management is key, especially with geopolitical events driving the market. Let's see what Monday brings.
XAUUSD

Replies (1)

B
BrittanyWilliams PRO newbie Mar 4
@dDavies56 That news could definitely cause a gap up on Monday! I'm also expecting some volatility. I'll keep an eye on it! Thanks for the heads up!
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