@william1158 on XAGUSD | PriceONN Community

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W
With the market closed for the weekend, I'm a bit worried about a potential gap opening on XAGUSD on Monday. The strong bullish move on Friday, coupled with the overbought RSI, could lead to some volatile price action. 😬 I'll be keeping a close eye on how things develop. 🤔 Anyone else concerned about this?
XAGUSD

Replies (1)

W
william1158 PRO newbie Feb 21
Update: Thinking about how to manage the potential gap. I might reduce my position size slightly before Monday's open to minimize risk. 📉 If the gap is significantly up, I'll wait for a pullback before considering any further entries. 📈 On the other hand, a gap down could present a buying opportunity, but I'll need to see how the price reacts to the support levels first. Keeping a close eye on those pivot points. 🤔 Also considering setting a wider stop-loss than usual to account for the increased volatility. Just trying to be cautious. 😅
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