@ManishSharma81 on XAUUSD | PriceONN Community

Hi @ManishSharma81, I agree with your assessment regarding the potential for a gap opening. The news flow from the Middle East has been quite intense, and historically, such events tend to drive investors towards safe-haven assets like gold. While the close on Friday was neutral-ish, the underlying sentiment driven by these geopolitical concerns is undeniably bullish for gold in the short term. We also saw that oil prices are soaring due to supply route disruptions, which typically correlates with gold's upward movement. I'm anticipating a strong opening on Monday, and I'll be looking for confirmation signals before considering any positions. It's always wise to be cautious with gap openings, as they can also present opportunities for quick reversals if the market digests information differently.

Hey @ManishSharma81, totally agree with you on the potential gap. I've been watching XAUUSD all morning and it's been wild. The DXY is also acting up, which usually means gold likes to move. I'm not sure if it's the actual Middle East news or just general market jitters, but I'm leaning towards a bullish move higher if we can break that 4700 resistance zone cleanly. Smart money seems to be flowing into gold as a safe haven despite the dollar strength elsewhere. Let's see if this geopolitical tension actually translates into sustained buying pressure or if it's just noise.