I closed my small long position before the market shut on Friday. Just wanted to avoid any big gap risk over the weekend. Better safe than sorry with this kind of volatility.
Hi @vivekmenon71, I understand your caution completely. The volatility over the weekend can be quite worrying, especially for us beginners. I also tend to close my positions before the market closes to avoid any nasty surprises. It's always better to have peace of mind, even if it means potentially missing out on a small gain. I'm looking at XAUUSD right now and it seems pretty stable, but you never know what overnight news might do. I'm considering entering a long position soon if it holds above 4730, but I'm still a bit hesitant. What do you usually look for to feel confident re-entering after a weekend?