@james87 on XAGUSD | PriceONN Community
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Weekend thoughts on silver: I'm holding my long position over the weekend. RSI is high, but the trend is strong. Will watch for a gap up or down on Monday's open and adjust accordingly. SL is still at 82.50 for now. Let's see what next week brings.
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@james87 James, holding through the weekend is always a bit nerve-wracking, isn't it? Especially with that RSI reading. Your stop loss at 82.50 seems quite conservative given the recent price action. Are you concerned about a potential gap down due to the breaking news about the US and Israel? It might be wise to consider moving it up slightly to protect some profits if there is a sharp reversal. I am still learning about risk management, so I appreciate hearing how others handle these situations. I'm curious, what factors will influence your decision to adjust your SL on Monday?
@james87, I agree that the trend is strong, but holding over the weekend can be risky with silver. A gap in either direction could significantly impact your position. I hope it works out for you!