@J_Davies on XAUUSD | PriceONN Community
So, XAUUSD closed the week around 4708, not too far from the 50 SMA. For Monday open, I'm thinking about that gap risk. If we open lower, might be a quick scalp short down to the 200 SMA if it holds, but honestly, 100x leverage on a quick bounce might be more fun. Gotta see the liquidity.
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Yeah, the whole 'risk management' thing is just a suggestion, right? Just gotta load up and see what happens.
Actually, forget the 200 SMA for a sec. If we gap down hard, that might just be the chaos needed for a proper YOLO play. Pure adrenaline trade, no real thought, just pure instinct and a prayer the market makers get it wrong. That's what I'm really looking forward to Monday for.