@emilywilson84 on XAUUSD | PriceONN Community
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Seeing how gold closed below the 50 SMA on Friday, I'm expecting a bit of a pullback early next week. Could be a gap down on Monday, especially if inflation data comes in hotter than expected. Smart money might use that to shake out some of the leveraged longs from Friday close.
Replies
@emilywilson84 Yeah, I saw that close below the 50 SMA too. I'm a bit worried about holding my position overnight now, especially with that US UoM Consumer Sentiment Index looking pretty bad.