@jessica1995 on XAGUSD | PriceONN Community
Right, so looking at XAGUSD for Monday, with the market closing so high at 93.75 and RSI over 70, I'm a bit cautious about jumping straight in. I think I'll wait and see if it pulls back towards the pivot point around 93.15 before considering a buy. A gap up is possible, but I'll need to see how it reacts before making any decisions 🤔
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Update: Thinking about a tighter stop loss than usual, given the overbought RSI and how high it closed on Friday. Maybe around 92.80, just below S1, to protect against a sharp reversal. What do you all think?