@ojones655 on XAGUSD | PriceONN Community
Given the significant jump in XAGUSD's price this week, I'm a little concerned about a potential gap opening on Monday. With the market closing near R2 at 93.81, a gap up could quickly trigger stop losses for short positions. Conversely, a gap down might present a buying opportunity, but I'll be monitoring volume closely to confirm any reversals. It is crucial to have a plan in place to manage risk effectively.
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Update: I think the news regarding the US and Iran strike might exacerbate the gap risk. Safe-haven assets like silver could see increased demand, pushing prices even higher at the open. I'll be adjusting my risk parameters accordingly before Monday.