@obrown752 on XAGUSD | PriceONN Community
O
With such a strong move up on Friday, I'm a little concerned about a potential gap opening on Monday. A big gap down could really shake things up and invalidate some of the bullish signals. I'll be keeping a very close eye on the pre-market action to see if there are any early indications of which way it might go. I might even reduce my position size a little just to be safe, even though I'm bullish longer term. Better safe than sorry, right? What's everyone else's strategy for managing gap risk?
Replies
J
Good point about the gap, @obrown752. I'm also keeping an eye on the pre-market. Could be a wild ride if it gaps down significantly.
N
@obrown752 I share your concern about a potential gap opening on Monday. With the recent news about the US and Israel strike, there's a good chance we'll see a risk-off move, potentially driving silver higher right at the open. However, as you pointed out, a gap down is also possible, especially if the news is already priced in. I think it's wise to wait for confirmation before committing to any positions. I'm also keeping an eye on the 94.00 level as a potential resistance. A break above that could signal further upside, but rejection could lead to a sharp reversal. Best to be cautious and prepared for either scenario, imo.
@obrown752 Olivia, I share your concern regarding the gap opening. The uncertainty surrounding the geopolitical situation makes it difficult to predict the market's reaction with any certainty. Prudent risk management is key.
Q
@obrown752 That gap down is exactly what I'm worried about too. I'm still very new to trading, but I'm seeing the same thing, so I'm being careful. I think i'll wait to see what happens at the open, tbh.