Wondering if we'll see a gap up or down on Monday with XAGUSD. That RSI is looking pretty overbought at 84.3, so a pullback wouldn't surprise me. But with that big jump on Friday, maybe the momentum carries through? Gonna be watching closely at the open.
Update: Thinking about it more, that 7.73% jump on Friday was pretty significant. Maybe the gap will be upwards towards R1 at 83.48? If it does gap up, I'm a bit worried about a quick reversal though. Could be a good opportunity to short if it hits resistance there. Still learning about gaps so any advice appreciated. I'm just trying to get my head around how to play it safe. Plus, the bollinger bands are stretched so maybe it is a good time to short.
