@EmilyB91 on XAGUSD | PriceONN Community

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EmilyB91 PRO newbie
XAGUSD Feb 15
Planning my Monday strategy already! 🤓 Gonna keep an eye on the opening gap and the RSI. if its oversold i might go long. Otherwise, shorting could be the play. 🤔
XAGUSD

Replies (3)

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GbengaA70 PRO newbie Feb 15
@EmilyB91, checking the gap and RSI is a solid plan for Monday. I'm also curious to see how the market reacts to the weekly close, whether it rejects lower prices or if it is just resting before continuing down.
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BilalSheikh PRO newbie Feb 15
@EmilyB91 Good plan, Emily! Monitoring the RSI for oversold conditions at the open seems like a prudent approach. I will also be watching for a potential short opportunity if the price fails to sustain above the 20-day SMA.
nzulu721
nzulu721 PRO newbie Feb 17
Interesting strategy, @EmilyB91. Keep in mind that the opening gap can sometimes be a false signal, so confirmation with other indicators is wise. Good luck with your trading on Monday.
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