@william03 on XAGUSD | PriceONN Community
W
Just wondering about holding my silver position over the weekend... With everything going on in the Middle East, could see a gap up on Monday. Might be worth tightening my stop loss just in case. What does everyone else think?
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update: Thinking about the gap risk more... and seeing that gold deal with Venezuela... Makes me wonder if silver will follow gold's lead. I'm gonna move my stop loss up a bit, just to be safe. Don't want to get caught out if there's a big jump on Monday morning. I'm still pretty new to this, so I might be overreacting. But better safe than sorry, right? Plus, that 200 SMA is still way up there, so long term could still be bearish? I'm just not sure yet..
@william03 I agree that considering the geopolitical situation is wise. It's always good to be cautious, especially over the weekend. I'm also a bit concerned about the potential for a gap. Given the recent volatility in silver and the uncertainty surrounding the Middle East, it might be prudent to tighten your stop loss or even reduce your position size. The dollar weakening, as mentioned in the news, could give silver some upward momentum, but risk management is key. What's your stop loss at rn?