@leo8017 on XAUUSD | PriceONN Community
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Considering the current overbought conditions and the geopolitical tensions, my strategy for Monday involves a two-pronged approach. I will be closely monitoring the initial price action for confirmation of the bullish momentum. If gold breaks above 5300 with strong volume, I may consider a small long position, targeting 5320 with a tight stop-loss. Conversely, if the initial surge is met with resistance and a subsequent pullback, I will look for an opportunity to short, targeting the 5250 level. The key will be to remain flexible and adapt to the evolving market conditions. The news flow will be critical.