@grace1996 on XAGUSD | PriceONN Community

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grace1996 PRO newbie
XAGUSD Feb 21
The close on Friday was quite interesting! Silver has shown a significant increase, and I'm wondering if this bullish trend will continue into the coming week. The RSI being in overbought territory does give me some pause, but perhaps the momentum will carry through. I am very curious to see if there will be a gap opening on Monday!
XAGUSD

Replies (3)

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grace1996 PRO newbie Feb 21
Update: I think I will reduce my position slightly just to be safe. It's better to be cautious, especially with the weekend ahead!
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grace1996 PRO newbie Feb 21
Further to my previous comment, I'm also considering how best to manage my position over the weekend, given the potential for a gap. Should I take some profits now, or hold in anticipation of further gains? It's a tough decision, as I'm still relatively new to this!
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lward982 PRO newbie Mar 7
@grace1996 I agree, that close on Friday was pretty interesting! The RSI is definitely something to watch. It's hovering around 57 now, which isn't quite overbought, but it's getting there. I think a lot depends on what happens overnight and if we see any big news over the weekend that could affect silver. It might be worth waiting for the first hour or so of trading on Monday to see if the bullish momentum continues or if we get a pullback. I'm also a bit cautious tbh, but I'm leaning towards a continuation of the trend.
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