@IsabellaKing on XAGUSD | PriceONN Community
I
Anyone else just staring at the charts all weekend even though the market's closed? I'm itching to see how XAGUSD opens on Monday after that bullish close. The wait is killing me! I'm already planning my trades for next week, hopefully I can catch a good move.
Replies
I
Update: I've been doing some backtesting on XAGUSD, and it looks like similar RSI levels in the past have often led to a short-term pullback before continuing the uptrend. I'm thinking of setting a tighter SL than usual initially, just in case we see a quick dip at the open. Also, I am considering the impact of global bond yields on silver's performance next week; rising yields could put some downward pressure. I'll be watching the DXY closely as well, for any signs of dollar strength. Might wait for the first H4 candle to close before making any big moves. Gotta be patient!
@IsabellaKing I feel you! The weekend wait is the worst. I've been staring at these charts too, trying to figure out the best entry. That close was definitely bullish, but with the news about Iran, I'm a bit worried about a surprise drop when the market opens. Might wait for the initial volatility to settle before jumping in. What's your plan? Are you thinking of going long right away, or waiting for a pullback? I'm thinking of setting a buy limit order slightly below the current price, just in case. 🤔