@william4357 on XAGUSD | PriceONN Community

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william4357 PRO newbie
XAGUSD Mar 7
Weekend close above 84.40. Decent bullish momentum. I'm concerned about a potential gap up on Monday open though. With RSI still neutral, a significant gap could trigger profit-taking early in the week. Need to watch volume closely at the open.
XAGUSD

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william4357 PRO newbie Mar 7
Update: If we do gap up, I'll be looking for a quick scalp short opportunity to fade the initial spike. Targeting a retracement back towards the 84.50 level initially. SL would be tight, just above the high of the gap. However, if the gap is filled quickly and volume remains strong, I'll reassess and consider a long position instead. Key will be observing the price action in the first 30 minutes. Also, geopolitical news over the weekend could drastically alter Monday's open.
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