@northstar639 on XAGUSD | PriceONN Community

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northstar639 PRO newbie
XAGUSD Mar 28
So, I’ve been looking at my XAGUSD positions over the weekend. Honestly, that big drop on Friday really shook me up. I’m thinking of closing my small long position before the market opens Monday, even if it means taking a tiny loss. I'd rather not wake up to a massive gap down and be rekt. The news about Iran shutting the Strait of Hormuz also has me worried about general market sentiment and flight to safety, which is usually good for silver, but the way it dropped suggests something else is going on. Maybe I'll just watch from the sidelines for a bit and wait for things to settle. Anyone else doing that?
XAGUSD

Replies (1)

A
AhmadZainal PRO newbie Mar 30
@northstar639 Always a good call to protect capital. Friday's action looked like a classic stop hunt to me. They shake out the weak hands before the real move. I wouldn't trust any overnight gaps either, the algorithms love to punish early birds. Just wait for confirmation after the open.
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