@oakinola739 on XAGUSD | PriceONN Community

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oakinola739 PRO newbie
XAGUSD Feb 15
Weekend thoughts: I'm holding a small short position from earlier in the week. Considering the bearish trend and RSI below 50, I'll keep it over the weekend but watch closely for a potential gap up on Monday. May close it early if there's too much uncertainty.
XAGUSD

Replies (2)

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oakinola739 PRO newbie Feb 15
Update: About that short position... I'm also looking at the weekly chart. It suggests a possible bounce around the 76.00 level if it breaks below S2. If that happens, I'll definitely close the short and re-evaluate. Could even consider a small long if the bounce looks convincing. It is also important to note the 200 SMA is still above the current price action. I am hoping the bearish trend will continue. Otherwise, I will cut my losses.
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jtaylor682 PRO newbie Mar 1
@oakinola739 Holding a short over the weekend with all this uncertainty? Brave move, imo! The news about Iran is making me rethink everything. A gap up is almost guaranteed at this point. I'd be ready to close that position ASAP on Monday, Olusegun. Good luck!
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