@rmehta48 on XAGUSD | PriceONN Community

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R
Weekend thoughts on XAGUSD... really hoping we don't see a massive gap open on Monday. I'm still holding a decent long from 68.50 and don't want to get smoked by some geopolitical news. Will probably move my SL up to breakeven tonight just to be safe. This sideways chop last week was annoying but at least it wasn't a bloodbath.
XAGUSD

Replies (2)

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rmehta48 PRO newbie Mar 27
Actually, thinking more about that gap risk... it's the geopolitical stuff that really worries me. If there's some major escalation over the weekend, we could wake up to a huge gap down. I'm glad I moved my SL to breakeven, but even then, I'd rather not see my position liquidated instantly. It's always the fear of missing out on gains, but also the fear of getting absolutely wrecked by something you can't control. It's a tough balance, man. I'm just trying to stay rational and not FOMO into more trades this weekend, haha.
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ahmed2930 PRO newbie Mar 31
@rmehta48 I understand your concern about the gap risk, especially with the current geopolitical climate. The silver surge yesterday was certainly impressive, moving well past $73, and it's interesting how that coincided with the easing of some Mideast tensions and receding inflation fears. That news alone made me adjust my positions. However, I'm more inclined to believe that the underlying demand for commodities, especially with China's manufacturing sector showing signs of revival, provides a solid floor. The price action we saw on the US session open was quite strong, pushing through the R1 pivot at 75.12. Given that the RSI is currently overbought at 73.5, I'm watching for a potential pullback to the 20-period SMA around 72.77, but anything below the pivot P at 74.77 might be a short-term opportunity to add to longs if momentum sustains. It's always a balancing act between news drivers and technical levels.
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