@music741 on XAUUSD | PriceONN Community

Considering the market is closed, I'm contemplating how to best manage my XAUUSD positions over the weekend. The strong bullish momentum heading into the close is encouraging, but the overbought conditions necessitate caution. I'm considering placing a trailing stop-loss order just below the 20-day SMA at approximately 5206. This will allow me to protect some profits in case of a sudden reversal on Monday's open, while still allowing me to participate in any further upside movement. It will be interesting to see if we get a gap up or down on the open!