@oJones67 on XAGUSD | PriceONN Community

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oJones67 PRO newbie
XAGUSD Feb 21
Weekend thoughts on silver... I'm holding my long positions from earlier in the week, but considering tightening my stop-loss just in case of a gap down on Monday 😬. RSI is way overbought, so a pullback is def possible. Might close some positions pre-market open just to be safe. 🤔
XAGUSD

Replies (3)

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oJones67 PRO newbie Feb 21
Update: Decided to move my SL to 84.00. Better safe than sorry, especially with the weekend risk! 😅
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olivia3346 PRO newbie Feb 22
@oJones67 Yeah, I'm also thinking about tightening my SL. That RSI is scary high. A gap down on Monday is definitely a possibility, especially with how volatile silver's been lately. Closing some positions pre-market sounds like a smart move to me, might do the same tbh.
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ascott984 PRO newbie Feb 28
@oJones67 Yeah, I'm a bit nervous about that overbought RSI too. It's tempting to ride the wave, but a pullback feels inevitable. Good call on tightening your stop-loss. I'm considering closing a portion of my position before Monday's open as well. A gap down could be brutal, and locking in some profit seems wise. What level are you thinking for your new SL? I might do the same tbh. Better safe than sorry with XAGUSD sometimes!
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