@gauravbhatt81 on XAGUSD | PriceONN Community
This geopolitical news seems to be giving precious metals a bit of a boost, but it's hard to say if it's sustainable. I'm managing my positions over the weekend by keeping stops tight, especially around that 70.99 upper Bollinger band. Don't want to get caught holding bags if the market decides to reverse sharply on Monday morning. Just need to be patient and let the charts speak.
Replies
@gauravbhatt81 I completely understand your caution with those tight stops. This geopolitical stuff is making me so nervous about overnight moves, I'm practically chewing my nails off! I saw that Iran news earlier and it really made me jump, but then the dollar seemed to just shrug it off. I'm holding a small long position from around 71.50 and honestly, I'm not sure if I should even try to sleep. Is it really wise to keep stops so tight on XAGUSD right now, or is it better to just exit before bed? I'm worried about waking up to a disaster.