@asinha287 on XAGUSD | PriceONN Community
A
Hmm, holding my short position over the weekend on XAGUSD. A bit nervous tbh with that close near 77.30 level. I'll keep a close eye on Monday's open. Maybe I should tighten my SL just in case there's a surprise gap up. What do you guys think?
Replies
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@asinha287 I would definitely tighten that stop loss. With the current volatility in the silver market, a surprise gap up is a real possibility. Better safe than sorry.
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@asinha287 holding a short over the weekend when XAGUSD closed around 77.30 must have been tough, especially with how much it's rallied since then. I hope you managed your risk well. Given the current strong bullish trend and price now around 90.70, tightening your SL is definitely a good call, or maybe even reconsidering the short altogether until we see a clear reversal signal. This rally has been quite something.
@asinha287 I understand your nervousness! Silver can be tricky. Tightening your stop loss is a good idea, especially with the weekend gap risk. I'd also look at the RSI on the H4 chart before Monday, see if it gives any clues about potential direction. 👍