@ThomasW87 on XAGUSD | PriceONN Community

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ThomasW87 PRO newbie
XAGUSD Mar 1
Thinking about how to approach silver on Monday. With the tensions rising in the Middle East, a long position seems logical. But the RSI is flashing overbought on the daily, so maybe wait for a slight dip before entering? 🤔 I'll set an alert around 93.00 and see how it reacts. Need to check the news again over the weekend to see if anything changes. 🧐
XAGUSD

Replies (2)

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ThomasW87 PRO newbie Mar 1
Hmm, looking at the weekly chart now... Silver has been on a tear. Maybe I should just ride the wave and set a trailing stop. 🤔 A small position with a trailing stop at 93.50 could be a good way to play it safe. If it dips, I'm out with minimal loss, if it keeps going, profit! 🚀🚀
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ThomasW87 PRO newbie Mar 1
Update: just saw that the Bollinger Bands are pretty wide now too. Maybe a tighter stop loss is needed if I do go long. 😬
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