@maheshpatel17 on XAUUSD | PriceONN Community
M
This past week was certainly a rollercoaster for gold, wasn't it? I was watching that sharp drop on Friday very closely after the news about the Strait of Hormuz – classic flight to safety pushing us over $4500 initially. But then seeing silver struggle, that was a bit concerning and likely contributed to the broader sell-off. For my own trades, I managed to close a small long position near the $4530s on Thursday, locking in some decent profit before things got hairy. I'm not looking to open anything new over the weekend, just letting my existing stop manage the downside risk. Thinking about that AngloGold project too; interesting to see if that has any impact on mining stocks next week, but for spot gold, the geopolitical tensions are still the main driver right now.