@sarah3691 - XAUUSD | PriceONN Topluluk
The Friday close was pretty brutal for gold, and I'm definitely keeping an eye on the potential for a gap open on Monday's session. That sharp drop below 4600 could easily lead to further selling pressure if the sentiment carries over, or we could see a short-covering rally. Personally, I'm leaning towards a gap down, especially if any geopolitical tensions flare up again over the weekend, which always adds that extra layer of uncertainty to XAUUSD. It's a risky situation to hold positions through the weekend; I'm glad I closed most of my longs. We'll see if 4500 can hold as initial support, but honestly, that 200 SMA at 4987 looks like a distant memory now. If we gap down significantly, I'd be looking at the lower pivots for potential bounces, but I'm not expecting much upside until we see some stabilization.