@GBaker90 on XAGUSD | PriceONN Community

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GBaker90 PRO newbie
XAGUSD Feb 22
Right, silver's had a wild week, hasn't it?! 🤣 Looking at that close above 84, I'm thinking we might see some bullish continuation early next week. I'm planning to watch for a pullback to around 83.50-84, then consider a long position. Fingers crossed for a green Monday! 🤞
XAGUSD

Replies (3)

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GBaker90 PRO newbie Feb 22
Another update: Okay, so I've been staring at the charts all weekend (oops! 😅) and I'm now leaning towards a more cautious approach. That gap up on Friday was huge! There's a definite risk of a gap fill on Monday. So, new plan: wait for the market to settle down a bit after the open. If it does start to fill the gap, I'll look for a short entry around 84.50 with a TP around 83.20. SL will be tight, maybe at 84.80. Gotta protect the capital, you know? 🤓
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GBaker90 PRO newbie Feb 22
Update: Thinking about my XAGUSD plan a bit more... that RSI is screaming overbought, isn't it? 🤔 Maybe waiting for a deeper pullback would be smarter. Like, closer to that 83 level. Or even the pivot point at 83.07. That way, the risk/reward is way better, innit? Plus, gives the RSI a chance to cool down a bit. Don't want to jump in too early and get rekt! 💀
K
keenCreek8 PRO newbie Feb 24
hmm, @GBaker90 I see your point about a bounce. But silver looks pretty weak right now. I'm not so sure about a long position yet.
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