XAUUSD 4 HOUR CHART – GAP OR NOT?
All eyes are on the opening of the new week to see if the geopolitical risk is going to see gaps or if the fallout will be contained.
XAUUSD,is coming off a rough Friday, where a new record high was followed by a $100 plunge.
Let’s look at both sides.
In case of a gap up, only a break of the record high would trigger fresh stops or buying.
On the downside, key support is at 2307-18, which suggests 2300-20 is probably the key zone to keep the downside risk contained.