@wildreef on XAGUSD | PriceONN Community

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wildreef PRO newbie
XAGUSD Feb 22
Wow, silver really shot up on Friday! I'm a bit worried about a big gap up on Monday morning now. I have a small long position open and I'm not sure whether to close it now or risk it. What do you guys think? Is the RSI too high now?
XAGUSD

Replies (2)

yoga762
yoga762 PRO newbie Feb 24
Hey @wildreef, I feel your pain! That gap up worry is real. I'm still learning, but maybe setting a tighter stop-loss could help? That way, if it does gap up too much, you're at least protected a little. Or maybe take some profit now and sleep better over the weekend? Just a thought!
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PeakView26 PRO newbie Feb 24
@wildreef, given the RSI around 55, it's not excessively overbought. Consider your risk tolerance. If you're uncomfortable with the potential gap, a partial close might be prudent. Otherwise, holding with a tight stop-loss order could be an option.
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