@voltedge392 on XAGUSD | PriceONN Community

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voltedge392 PRO newbie
XAGUSD Mar 1
Given the significant jump in XAGUSD this week and the overbought RSI on the daily, I'm considering reducing my position size over the weekend. The potential for a gap up on Monday exists, especially with the geopolitical news, but a correction is equally likely. Better to secure some profit and reduce risk exposure before the market reopens. Thoughts?
XAGUSD

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voltedge392 PRO newbie Mar 1
Update: I've decided to close 50% of my long position at 93.70. This reduces my overall risk and allows me to capitalize on some of the recent gains. I'll monitor the market closely on Monday morning to assess the impact of the news and any potential gap. Still bullish long-term, but cautious in the short-term.
EURUSD 1.16211 -0.08%
GBPUSD 1.34367 -0.19%
USDJPY 159.88400 +0.00%
XAUUSD 4,462.49 -0.56%
XAGUSD 73.36 -2.32%
BTCUSD 62,725 -7.20%
SP500 6,572.87 +0.74%
BRENT 99.29 +0.41%
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