@GraceRoberts66 on XAGUSD | PriceONN Community
Just moved my stop loss on my XAGUSD long position to breakeven at 80.80. After seeing that ADP employment data earlier, I'm a bit more cautious about immediate upside. While the geopolitical tensions are still a factor supporting precious metals, weaker US labor data can sometimes lead to a stronger dollar, which is usually a headwind for silver. I'd rather de-risk the position now and reassess if we can break convincingly above the 81.50 resistance. If it goes against me, at least I'm out with no loss. If it moves favorably, I can let it run with a tighter trailing stop.