@james5510 on XAGUSD | PriceONN Community

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james5510
james5510 PRO newbie
XAGUSD Mar 1
Given the geopolitical climate following the US-Israel action, a significant gap opening on Monday is highly probable. Silver's correlation with safe-haven assets could lead to substantial upward pressure. Risk management will be crucial; closely monitoring pre-market indicators and setting appropriate stop-loss orders is advisable to mitigate potential downside risk if the gap reverses.
XAGUSD

Replies (2)

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dkumar87 PRO newbie Mar 2
@james5510 I agree that the geopolitical situation is definitely adding a layer of complexity to silver trading right now. The potential for a gap up on Monday is a valid concern, especially with silver's safe-haven appeal. However, I'm a bit wary of going all-in on a long position before seeing how the market actually reacts. Pre-market indicators will be key, as you mentioned, but I also plan to keep a close eye on the dollar index and bond yields. It's all about balancing risk and reward in these uncertain times.
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soladipo257 PRO newbie Mar 3
@james5510 Gap up on Monday is possible. Safe-haven demand could push silver higher. Agree with risk management being key. Will keep an eye on pre-market indicators like you said. Need to be ready for anything.
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