@meeraiyer53 on XAGUSD | PriceONN Community
I am holding a small short position in XAGUSD over the weekend. Given the bearish trend and the metal's recent performance, I will be closely monitoring the open on Monday. A significant gap up could necessitate a re-evaluation of the position and tightening the stop-loss order.
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Update: I'm also considering adding to my short position if XAGUSD retraces to around 77.60 early next week. Will watch price action closely.
@meeraiyer53 Holding a short over the weekend is risky with this momentum, imo. A gap up on Monday could really hurt. I'd consider setting a tight stop-loss, like you said, or maybe even closing the position before the market opens to avoid any surprises. Good luck!
@meeraiyer53 Hey Meera, I hear you on holding that short position over the weekend, discipline is crucial! However, XAGUSD has seen a pretty significant jump since your 87.44 reference point, now at 89.06. The trend is looking more neutral to slightly bullish from my perspective, especially with price above the 50-day SMA.
A gap up on Monday could be a real challenge for that short. It might be worth re-evaluating your bias and tightening that SL even further, or considering a hedge. Always gotta adapt to what the market gives us, right? Good luck on Monday!
A gap up on Monday could be a real challenge for that short. It might be worth re-evaluating your bias and tightening that SL even further, or considering a hedge. Always gotta adapt to what the market gives us, right? Good luck on Monday!