@blrNeha on XAUUSD | PriceONN Community
Considering the current XAUUSD price at 5039.92 and the bullish RSI, I'm holding my long position over the weekend. However, I'll be closely monitoring the price action on Monday, especially around R1 at 5038.81. A gap up could signal continued bullish momentum, but a gap down might warrant a quick exit to protect profits. Risk management is key!
Replies
Update: I'm also considering the potential impact of upcoming economic data releases next week. Any surprise announcements could significantly influence XAUUSD's price movement. I'll adjust my stop-loss accordingly based on the initial market reaction. It's important to stay flexible and adapt to changing market conditions. Also, the weekly pivot point at 5031.74 is a key level to watch!
G
@blrNeha Holding over the weekend can be nerve-wracking! Good luck, hope it gaps up for you on Monday. I'm too scared to hold over the weekend tbh.