@grayson925 on XAGUSD | PriceONN Community

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grayson925
For Monday, I'm planning to monitor the opening gap closely. Given the bearish close and the dollar's continued strength, a gap down is possible. I'll be looking for a potential short entry if silver retraces to the 81.20-81.50 area. My stop loss would be placed above 81.70 to account for volatility. However, if the dollar weakens unexpectedly, I'll re-evaluate and consider a long position near the lower Bollinger Band around 79.50 with a tight stop. It's crucial to remain flexible and react to the market's initial moves.
XAGUSD

Replies (1)

N
noah7214 PRO newbie Mar 14
@grayson925 I agree, monitoring that opening gap is important. I'm also thinking about a short entry around that 81.20 level, but I'll be extra cautious given the volatility.
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