@akhan917 on XAUUSD | PriceONN Community
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Man, what a week for gold. That drop below 4500 on Friday was brutal. I'm curious to see if we gap up or down on Monday. Anyone got a feel for what the weekend news might do to the open? Hoping for some crazy volatility to jump in on leverage.
Replies
Hey @akhan917, yeah, Friday was a shocker for sure. That break below 4500 wasn't pretty, and honestly, I'm a bit worried about what the open might bring. The dollar has been strengthening, which usually puts pressure on gold, and that Iran news is still floating around. I'm keeping an eye on the S2 pivot at 4356.86, that's a key level to watch. If that breaks decisively, we could see a quick liquidity grab lower. I'm not looking to leverage into anything until things settle down a bit, too risky with this kind of volatility.