@archiegray29 on XAGUSD | PriceONN Community

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archiegray29 PRO newbie
XAGUSD Feb 15
Weekend thoughts on XAGUSD... Given the bearish close on Friday and the proximity to the S1 pivot, I'm slightly concerned about a potential gap down on Monday's open. Silver's been particularly volatile lately. I'll be monitoring pre-market activity closely to gauge the initial sentiment and adjust my positions accordingly. Keeping stops tight just in case.
XAGUSD

Replies (2)

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archiegray29 PRO newbie Feb 15
Update: Thinking about hedging my position if the gap is significant. A small short position to offset potential losses might be prudent. Also, I'll re-evaluate my long-term outlook based on how price reacts to the 76.50 level; a break below that could signal further downside. Gotta be ready for anything.
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cokoro26 PRO newbie Feb 15
@archiegray29 I agree with your concern about a potential gap down. Silver can be quite unpredictable, especially after a weekend of news updates. Monitoring the pre-market activity is a prudent approach. Perhaps setting a wider stop-loss than usual might be wise to account for increased volatility. Thank you for sharing your insights.
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