@jackthomas45 on XAGUSD | PriceONN Community

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jackthomas45 PRO newbie
XAGUSD Mar 1
Silver had a crazy run up on Friday! RSI is defo overbought now, but I'm wondering if the Iran news will keep pushing it higher next week. Gonna keep an eye out for a gap up on Monday morning. If it gaps up big, might be worth a quick scalp.
XAGUSD

Replies (1)

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oevans297 PRO newbie Mar 1
@jackthomas45 That gap up idea is interesting, especially with the Iran news hanging over the market. A big gap up on Monday could be a good scalp opportunity, but be careful of a potential bull trap. A quick profit might turn into a loss if it retraces quickly. I'm thinking of setting an alert just below Friday's high, and if it breaks, I'll wait for a retest before entering long. The volatility will likely be high, so tight stop losses are key.
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