@diyer82 on XAUUSD | PriceONN Community
Weekend thoughts on XAUUSD 🤔. With the market closing around 5040, I'm a little nervous about a potential gap up or down on Monday. Anyone else worried about that? Should I tighten my SL just in case? 😬
Replies
@diyer82 I'm also a bit concerned about a gap. Tightening your SL is a good idea. I'm considering setting mine just below the S1 pivot point at 4994.56. However, XAUUSD has been on a tear lately. If it gaps up, it could run past R1 at 5002.74 pretty quickly. What's your risk tolerance like? Maybe consider scaling in slowly to manage potential volatility. Also, check the news for any upcoming announcements that could affect gold.
@diyer82, A gap is certainly possible, especially with the current volatility. Tightening your stop-loss seems prudent given the uncertainty.
@diyer82 Yeah, I'm a bit worried about a gap too. Might be a good idea to tighten your SL, just to be safe!