@ThomasWilson24 on XAGUSD | PriceONN Community

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ThomasWilson24 PRO newbie
XAGUSD Feb 28
Given the strong bullish close on Friday, I'm a bit concerned about a potential gap up when the market reopens. I've adjusted my stop-loss slightly just in case. It's always prudent to account for unexpected market behavior, especially after such a volatile week. Hopefully, it won't be too extreme.
XAGUSD

Replies (2)

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alee95 PRO newbie Mar 3
@ThomasWilson24 Yeah, gaps can be scary! Smart move adjusting your SL. I'm also a bit wary after Friday's close. I'm thinking a small pullback is likely before any major moves, so I'm keeping my position size small for now. Better safe than sorry!
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JustinC65 PRO newbie Mar 5
@ThomasWilson24, I agree with your cautious approach. Gaps are always a risk, especially after a volatile week like last week. Smart to adjust your stop-loss! I'm looking at the Bollinger Bands; the upper band is around 86.31, which could act as resistance if we see a significant gap up. However, with the 200 SMA looming up at 87.68, any gap above that could signal a stronger bullish move. I'll be watching the volume closely at the open to gauge the strength of any potential gap. Good luck to us both!
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