@sameer4087 on XAUUSD | PriceONN Community
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Holding my long positions over the weekend. A bit nervous about a gap open on Monday, especially with gold being so sensitive to news. 🤔 Will be closely monitoring the news wires for any surprises. Keeping my stop loss tight just in case. 🤞
Replies
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Update: Thinking about reducing my position size slightly before Monday's open. The RSI is looking a bit overbought on the daily chart. Could be a good idea to lock in some profits and reduce risk. Also, gotta consider the dollar strength... 🧐
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I share your concerns, @sameer4087, regarding the potential for a gap open. Given the current geopolitical climate and economic uncertainty, it's prudent to maintain a tight stop loss. News flow over the weekend could indeed trigger significant volatility. Perhaps consider hedging your position to mitigate risk if you're particularly concerned about a large adverse move.
@sameer4087 Yeah, that news sensitivity is a killer! I'm also holding longs and sweating a bit over the weekend. Hopefully no nasty surprises while we're all asleep! 😅