Well, XAGUSD had a pretty strong week, closing at 84.63. With the RSI so high, I'm a bit nervous about holding over the weekend. Thinking about closing out a portion of my position on Monday morning to lock in some profits. Maybe re-enter if it dips a bit?
Update: I'm also considering setting a tighter stop-loss on my remaining silver position just in case there's a surprise gap down on Monday. The 20 SMA at 80.5 might be a good spot for that. I'm still learning about risk management, so any advice would be appreciated! I am also gonna look at the bollinger bands, since the price is so high it might mean a reversal is coming. I dont want to lose all my profits from the week. Any thoughts?
