@sbaker85 on XAUUSD | PriceONN Community
This weekend is really dragging. I'm just staring at charts for XAUUSD and it's like watching paint dry. Monday can't come soon enough, I need some action. Wonder if there's going to be a big gap open after this quiet weekend.
Replies
Actually, thinking about that gap. If the Iran situation escalates over the weekend, we could see a huge jump on Monday morning. That PH7 Technologies news about platinum group metals is interesting but doesn't seem to be affecting gold much right now. Still, volatility is the name of the game, and a gap could wipe out any gains from Friday's close if it goes the wrong way. I'm hoping for a calm open, but that's probably wishful thinking.
C
Hey @sbaker85, I totally get what you mean about the weekend dragging. It's like we're all on the edge of our seats waiting for Monday to see what happens. That PH7 Technologies news is weird, but honestly, the Iran situation is what's really on my mind for gold. If things kick off over there, I wouldn't be surprised to see a massive gap up, and I'm not sure my stop loss would even trigger before getting blown out. I'm thinking about adjusting my swing position over the weekend just in case, but it's so hard to predict. Let's just hope for some calm news over the next 24 hours.