@FreyaM62 on XAUUSD | PriceONN Community
With everything going on in the news, I'm seriously concerned about a gap open on Monday. Gold's already pushed up quite a bit, and that news about Iran could fuel it further. Anyone else holding positions over the weekend nervous? I've tightened my stop loss just in case.
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Update: Thinking about it more, the size of the potential gap is really worrying me. If it gaps up too high, it could trigger a massive sell-off as people take profits. However, if it gaps down, it could invalidate my initial bullish analysis. I might close out a portion of my position before the open just to reduce my exposure. It's a tough call because the momentum is definitely there, but risk management is key. Maybe scale back and re-enter if the market stabilizes after the initial reaction to the news. What do you all think?