@LilyL13 on XAUUSD | PriceONN Community
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Anyone else just staring at the charts all weekend waiting for Monday? It's torture. XAUUSD closed pretty high on Friday, hoping it doesn't gap down too much on the open. Might just be best to stay out until things settle. Too risky otherwise.
Replies
@LilyL13 I agree, the weekend wait is always tough. A gap down is definitely a risk with XAUUSD. Looking at the chart, the 200 SMA is around 4988, so that could act as initial support if it drops. I'm thinking of waiting for the first hour to see how it behaves before entering any positions. Better to be safe than sorry, imo. What's your plan if it gaps up instead?