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Anyone else think gold's gonna gap up big on Monday with that news about Iran? I'm thinking of adjusting my stop loss just in case. What levels are you guys watching for potential entries or exits next week?
@thomas7639, I'm also concerned about a potential gap up next week. The Iran news is definitely a wildcard. I'm watching the 5180 level as a potential resistance, and 5150 as initial support if we get a pullback. My entry point depends on how Monday opens, tbh. If it gaps way up, I might wait for a slight retracement before considering any long positions. Keeping my powder dry for now, as they say!