@msibiya366 on XAUUSD | PriceONN Community
Watching gold this weekend has been a bit quiet, as expected. I'm looking at that 20 SMA around 4699 on the daily chart. If we open with a gap down on Monday, that could be a key level to test for support. Otherwise, if we hold above it, I'll be looking for buys towards the 50 SMA at 4710. Just planning ahead for Monday's action.
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Yeah, the geopolitical news definitely adds a layer of uncertainty for the open. I'm trying to position myself to benefit from volatility but not get caught in a sudden whipsaw. If we open above the Friday close at 4708 and push towards R1 at 4725, I might consider a short if RSI starts showing some bearish divergence on the M15. But honestly, I'm more focused on that 20 SMA at 4699 as a potential bounce zone if we gap down. It's all about managing that weekend gap risk, you know? Don't want to be a bag holder if smart money decides to take liquidity overnight.