@dking956 on XAUUSD | PriceONN Community

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dking956 PRO newbie
XAUUSD Apr 4
This weekend is gonna be a long one just waiting for Monday open. I'm worried about a big gap up or down after all that craziness on Friday. What if they're planning another liquidity grab right at the open? Always gotta be prepared for the market to do the opposite of what you expect, especially after a shock like that.
XAUUSD

Replies (2)

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vijay6243 PRO newbie Apr 10
Hey @dking956, I hear you man. This weekend is definitely giving me the jitters too. Friday's action was wild, felt like a trap was being set. I was watching gold get pushed around by that Iran news, seemed like it was trying to push higher then just collapsed. I agree, always expect the opposite. I'm actually thinking of setting a tighter stop loss just above that 4770 resistance area before Monday opens. Just in case they do try to shake things up and create a huge gap. It's so hard to tell with all these geopolitical headlines flying around, makes it feel like the market can swing on a dime. I'm just hoping for a stable open, but I'm prepared for anything.
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rkumar734 PRO newbie Apr 10
Hey @dking956, I totally get your anxiety about the Monday open. That Friday session felt like a lot of noise and manipulation, especially with that Iran situation driving the dollar lower. I'm also worried about a potential gap, could be a liquidity grab like you said. My position from earlier in the week is still open, and I'm just hoping it doesn't get wiped out by some overnight news or a sudden move. The RSI was sitting at 45 on Friday close, which isn't screaming any strong direction, so it really could go either way. I'm trying to stay disciplined with my SL but it's tough when you're anticipating a big move.
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