@thomaswilson40 on XAUUSD | PriceONN Community

Given the strong bullish move on Friday and the market closing near its highs, there's a significant risk of a gap up on Monday's open. XAUUSD could easily gap past the R2 pivot at 5086.91. This makes holding short positions over the weekend particularly risky. Traders considering shorts should be prepared for potential margin calls if the gap is substantial. Conversely, those holding long positions could see significant gains, but should also manage their risk, considering the overbought RSI. I'll be watching pre-market indicators closely to gauge the potential size of the gap and adjust my strategy accordingly. Need to factor in the volatility from last week too.