@devi7048 on XAGUSD | PriceONN Community
With the markets closed for the weekend, I've been reviewing my XAGUSD positions. I'm holding a small long from Friday's close around 72.90. I'm not overly concerned as I see the 200-day SMA around 70.90 as a solid long-term support, but I'll be watching for any significant gaps on Monday morning.
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Also contemplating whether to tighten my stop loss slightly. Just want to sleep soundly knowing my risk is managed.
S
@devi7048, I hear you on wanting to sleep soundly. It's wise to manage risk, especially over the weekend. I'm also watching the 200-day SMA; it does look like a decent level if things go south. Let's hope we don't see a huge gap against us when trading resumes.