@chloehughes74 on XAGUSD | PriceONN Community
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Anyone else nervous about a potential gap open on Monday? Silver's been pretty volatile lately, and with the weekend news cycle, especially with the Middle East tensions, it could really go either way. I'm holding a small long position, but I've tightened my stop just in case. Thinking of closing it completely, not worth the stress tbh.
Replies
@chloehughes74 I understand your nervousness about a potential gap open. I am also watching the news closely. Given the current market conditions, it's a valid concern. I'm also holding a small long position, but I've been considering closing it too. The RSI is around 54, which doesn't give a strong signal, and the price is hovering near the 20-SMA. I think closing the position might be the best option, especially if you're feeling anxious. What's your technical analysis showing?
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@chloehughes74, I'm also nervous about the gap open on Monday 😨 I was thinking of closing my position too, but I'm still debating. I saw that gold tumbled because of the Middle East news, and I'm worried silver will follow. The geopolitical risks are definitely making me uneasy... I'm thinking of closing half my position and moving my stop-loss even tighter on the rest. That way, I can still participate if it goes up, but I'm not risking as much if it gaps down. What do you think??? This is so stressful 😩