@bturner92 on XAUUSD | PriceONN Community
Gold closed strong this week, RSI is screaming overbought on the daily though. With the Iran news, I'm expecting a gap up on Monday open. Question is, how big? I'm thinking we'll see a test of 5300 early in the week, maybe even higher if the geopolitical situation escalates. Gotta be ready for anything!
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update: I'm thinking of setting a buy limit order just below Friday's close, around 5275, to catch any potential pullback after the gap. A tight SL around 5260 should limit the risk. The potential reward is significant if the bullish momentum continues. Will monitor closely on Monday morning!