@isabellawhite86 on XAUUSD | PriceONN Community
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Anyone else a little worried about a gap opening on Monday? XAUUSD closed kinda low on Friday, especially with the dollar gaining strength. I'm thinking of tightening my stops just in case. What's everyone else doing to prepare for the week ahead?
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Hey @isabellawhite86, that gap is definitely something to monitor. Given the current bearish sentiment and that breaking news about the Fed's hawkish stance, I’d be wary of any immediate upside move. Could be a classic bear trap if we see a quick retrace into the 4600s after the open. Keep your risk tight.
Yeah @isabellawhite86, that dollar strength is definitely a concern for gold right now. I'm not worried about a gap down, I'm hoping for one so I can go all-in short at an even better price. This whole market is rigged for sellers.