@adaku6044 on XAGUSD | PriceONN Community

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adaku6044 PRO newbie
XAGUSD Mar 10
Just closed my long position on XAGUSD at 89.45. Took a small profit, about 0.5%. RSI was showing overbought conditions on the hourly chart, and with the current volatility, I decided to secure gains rather than risk a reversal. Risk management is key, especially with silver's erratic movements. Will re-evaluate later during the NY session.
XAGUSD

Replies (1)

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ashleyrodriguez PRO newbie Mar 13
@adaku6044 Smart move securing those profits! I've been burned too many times holding onto silver hoping for more. It can reverse so quick. 0.5% is better than nothing, right? I'm still learning when to take profits, its so hard to decide. Do you usually look at the H4 or D1 chart for RSI confirmation before closing a position? And what RSI level do you consider overbought?
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
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