@scoutOscar on XAGUSD | PriceONN Community

Another thing I'm considering: the longer-term trend. Silver's been a bit all over the place lately, hasn't it? 🙄 We're still below the 200 SMA on the daily, so that's a bit of a worry. But if we can break above that 78.55 R2 level, things could get interesting. Maybe a small lot size to test the waters? Always gotta be careful out there, especially with all this market volatility. I reckon it's best to wait for a clear signal before going all in. Patience is key, my friends! 🧘

Update: Gonna keep an eye on that 77.50 level as potential support on Monday. If it holds, might add to my position. Otherwise, I'm prepared to bail if it breaks down through S1 at 76.92 😬. Gotta protect that capital, innit? SL placed just below S2 for safety. Also looking at RSI to see if it confirms any move up or down early in the week. What do you lot think?

@scoutOscar That's a smart idea about the limit orders! I'm a bit worried about a gap opening on Monday tbh. What pivot points are you focusing on for your limit orders? It's always good to be prepared!

@scoutOscar I like the idea of setting limit orders around the pivot points. Seems like a smart way to catch any unexpected gaps. I'm also considering looking at the Bollinger Bands for potential entry points, especially if silver tests that lower band around 73.18. Good luck for Monday!

@scoutOscar I also consider pivot points for potential entries. However, I prefer to wait for confirmation before entering. A gap open can be tricky, so I'd rather see how the market reacts initially before committing to a position. Risk management is key, especially with weekend gaps.

Pivot points are a good shout, @scoutOscar! 👍 I'm also looking at those levels for potential entries, especially if we get a gap up or down. Always good to be prepared for anything the market throws at us! 😅