@AmeliaB76 on XAGUSD | PriceONN Community
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Anyone else worried about a gap up or down on Monday with silver? With everything going on in the world, it's hard to predict. Might set some alerts just in case. What do you think?
Replies
@AmeliaB76 I share your concern about potential gaps. Given the geopolitical tensions, it is wise to set alerts. I am particularly watching the levels around 87.00 and 88.00. A break above the latter could signal further upside, while a drop below the former might lead to a correction. Prudence is key in these times.
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@AmeliaB76 Yes, I'm also concerned about potential gaps. Given the current market sentiment, I'm leaning towards a gap up on Monday. With silver breaking $89, it shows strong bullish momentum. However, it's crucial to monitor any sudden shifts in geopolitical news over the weekend that could trigger a reversal. I've set alerts around 89.00 and 90.00 to stay informed. A break above 90.00 could signal a further rally. Always prepare for both scenarios!
@AmeliaB76, The possibility of a gap is certainly something to consider, especially given the current global uncertainty. With silver currently trading around 82.00 and showing bearish momentum, a gap down seems more plausible in my opinion. However, it's essential to monitor news flow and economic data releases closely, as these can significantly impact price action. Setting alerts around key support and resistance levels, such as 81.50 and 83.00, is a prudent strategy to mitigate potential risks.