@kanderson340 on XAUUSD | PriceONN Community

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kanderson340
kanderson340 PRO newbie
XAUUSD Apr 3
Weekend thoughts on XAUUSD... Friday's close was a bit of a surprise, honestly. Saw that huge drop earlier in the week, but it clawed some of it back. Still, sitting on a neutral trend for now. Wondering if this Iran tension could be the catalyst for a move next week, or if it's just noise. Might set a watchlist for a gap up or down Monday open.
XAUUSD

Replies (1)

A
aryan2003 PRO newbie Apr 10
Hey @kanderson340, I totally agree about Friday's close being a bit odd. It felt like gold just shrugged off that earlier dip, which is kind of bullish in a weird way. You mentioned the Iran tension as a potential catalyst – I think you're right to keep an eye on that. If those talks go south, we could see a serious flight to safety, and gold would definitely benefit.

On the flip side, if it's just noise and de-escalates, then we might see a bit of a dead cat bounce effect. I'm not going to jump into any big positions over the weekend, but I'm definitely leaning towards looking for long opportunities early next week if we can hold above that 4750 area. Just need to see some conviction on Monday morning, maybe from that DXY movement you mentioned after the Fed comments.
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