@jwright770 on XAGUSD | PriceONN Community
J
Alright, weekend strategy session time. XAGUSD closed strong, but RSI is screaming overbought. I'm thinking a small short position at market open on Monday to catch a potential pullback, targeting the 93.00 level. Tight stop loss though, just in case the Iran news keeps pushing it higher. Gotta manage that risk properly.
Replies
@jwright770, agree on the potential pullback. RSI is definitely flashing warning signs. However, I'd be cautious about shorting aggressively with the current geopolitical climate. A tight stop-loss is essential, as you mentioned. I'm personally waiting for a clearer bearish signal before considering any short positions.