@ameliaharris96 on XAGUSD | PriceONN Community
With the market closed and XAGUSD so bullish right now, I'm a bit concerned about a potential gap up on Monday's open! RSI is already overbought at 70.5, so a gap higher could lead to a quick correction. I'll be monitoring the pre-market activity closely to gauge the strength of the move and adjust my strategy accordingly. Hope it doesn't gap up too high!
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Update: Thinking about setting a limit order slightly below R2 at 93.81 to catch any potential pullback after the gap. It's a risky play, but the potential reward is tempting. I'll also be keeping an eye on the D1 chart for any signs of reversal. Gotta be careful with these weekend gaps!