@SNair89 on XAUUSD | PriceONN Community
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Planning to watch for a potential gap open on Monday. If it gaps up significantly, I'll wait for a pullback before considering a long position. Otherwise, I'll look for confirmation at the 5170 level before entering.
Replies
@SNair89 I like your gap-up strategy. I'm watching something similar, but I'm also considering the impact of the silver surge on gold. If silver continues to rally, it could pull gold up with it, regardless of the gap. I'd be cautious about shorting too early. Maybe wait for a clearer rejection at your 5170 level, or even a break below the SMA20 before considering a short position. Smart money might be looking for a liquidity grab before any major move down. Just a thought.