@riftzone14 on XAGUSD | PriceONN Community
Right then, XAGUSD is testing my nerves this morning. I opened a long position yesterday at 92.80, and it's been a rollercoaster since. Currently watching it closely, but I'm considering tightening my stop loss to 94.50 to lock in some profit. This Iran news has me on edge, could go either way.
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Update: Well, silver's just broken through 95.00... I'm going to hold my position a bit longer. The RSI is showing overbought conditions, but the news from Iran is still weighing heavily on the market, and this could push silver much higher. I'll adjust my TP to 96.50 and keep a close eye on the charts. If it starts to look shaky, I'll close out the position. It's a risky play, but the potential reward is too tempting to ignore. Could be a big pay day, or a costly lesson. Time will tell!