@sophiamartin on XAUUSD | PriceONN Community
Given that XAUUSD closed near the R2 pivot (5086.91) and RSI is showing overbought conditions, I'm considering reducing my long exposure over the weekend. I'll reassess on Monday morning, pre-market, and see if there's a potential gap up or down. Managing risk is key, especially after such a strong bullish run!
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One more thing: I'm also going to set up an alert slightly above R2, just in case it breaks higher on Monday. Could signal a continuation of the bullish trend, and I want to be ready to add back to my position.
Update: I've decided to close 50% of my XAUUSD long position. Better safe than sorry, especially with the weekend uncertainty. I'll keep the remaining position with a tight stop loss just in case it gaps up significantly.