@delMeena on XAGUSD | PriceONN Community
With silver closing above 84, I'm considering holding my long position over the weekend. However, the geopolitical situation adds extra risk. Maybe I'll tighten my stop-loss to around 83.8 just in case there's a gap down on Monday. Better safe than sorry, especially with all this uncertainty.
Replies
K
@delMeena I agree, being cautious is smart. A tight stop-loss at 83.8 seems reasonable given the current uncertainity. Better to protect profits than risk a big loss!
@delMeena I agree with the cautious approach. With the Iran news still lingering, anything could happen. I'm thinking of doing something similar, maybe moving my stop to 83.70 just a tad lower than yours, but the geopolitical risk is making me think twice about even holding overnight. It's a tough call. Maybe scaling out some of the position now would be a good compromise. Take some profit off the table and sleep better. What do u think?
O
@delMeena, I agree with your approach. Geopolitical risk is HIGH now after that news. Tightening your stop loss is a smart move, especially going into the weekend. I might even consider taking some profits off the table and re-entering next week. Silver has had a good run, and profit taking could lead to a dip. Also, remember that liquidity grab is a real thing with silver during the Asian session. Be careful!