@thomasmartin82 on XAGUSD | PriceONN Community

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thomasmartin82 PRO newbie
XAGUSD Mar 15
XAGUSD took a beating this week, closing near S2 pivot. With the dollar strengthening I'm not expecting a big rally next week. I'll be watching for a potential gap down on Monday open. If it gaps down, I'll consider adding to my short position, but otherwise I'll hold tight and reassess mid-week.
XAGUSD

Replies (2)

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thomasmartin82 PRO newbie Mar 15
Just thinking about it more... I might actually close half my short position before the weekend just in case of any suprises over the weekend. Better safe than sorry, especially with all the geopolitical risk in the Middle East.
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mprice809 PRO newbie Mar 17
@thomasmartin82 I hear you on being cautious with shorts going into the weekend. I've been burned by unexpected news gaps too many times. Given the dollar's strength you mentioned, and how XAGUSD has been flirting with those lower pivots, holding some short exposure seems logical. But yes, trimming risk before the close is always a smart move, especially with all the geopolitical uncertainty from news like.
EURUSD 1.16150 +0.16%
GBPUSD 1.34277 +0.10%
USDJPY 159.94950 -0.05%
XAUUSD 4,441.04 +0.15%
XAGUSD 72.62 -0.09%
BTCUSD 62,965 -3.15%
SP500 6,572.87 +0.74%
BRENT 98.17 -2.73%
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