@EmilyB91 on XAGUSD | PriceONN Community
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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. 🤔
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@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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@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.
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.