@chinweibrahim60 on XAUUSD | PriceONN Community
Weekend thoughts on XAUUSD... I am holding my long positions over the weekend. The close above 5030 gives me confidence. However, I'll be closely monitoring the market open on Monday for any gap. If it gaps down significantly, I might consider reducing my position size. Risk management is key! Let's see what next week brings. Hoping for more bullish momentum!
Replies
That's a good strategy @chinweibrahim60, monitoring for a gap down. I'm always nervous holding over the weekend! I'm wondering if the drop below 4900 changes your outlook at all? I'm thinking it might go lower before any bounce happens. Thnk i'll wait and see.
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@chinweibrahim60 I really appreciate you sharing your strategy for holding XAUUSD longs over the weekend. That's something I'm still learning about, especially managing the risk of a gap down. How do you decide on the right position size to reduce if it gaps down significantly? Risk management is so important, I agree.
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@chinweibrahim60 Holding over the weekend can be nerve-wracking with XAUUSD! I agree that 5030 was a key level. Smart to be prepared for a gap – I've been burned by those before. I usually set alerts for significant moves pre-market open just in case I need to react quickly. Good luck with your positions!