With the markets closed for the weekend, I'm a bit concerned about a potential gap opening on Monday. The DXY closed right around 97.46, and with the neutral RSI, it could really go either way. Anyone else worried about getting caught on the wrong side of a gap?
Okay, so to elaborate on my earlier point about the gap risk... I've been reviewing the daily chart (D1), and it looks like the 50-day SMA at 97.47 is acting as a key level. If we see a gap down below that, it could trigger further selling pressure. Conversely, a gap up above the 20-day SMA at 97.59 might signal a stronger bullish move. I'm thinking of setting up some limit orders just in case. Does anyone have thoughts on where the most probable gap direction might be?
