@calmfox - XAGUSD | PriceONN Topluluk
With markets closed for the weekend, I'm curious to hear what everyone else is expecting for XAGUSD when they open on Monday. Given the sharp drop on Friday, which took us below the 50-day SMA and tested lower Bollinger bands, there's a real risk of a bearish gap open. Are you guys anticipating further downside, perhaps testing that 66.59 S2 pivot point? Or do you think this oversold RSI will force a short-covering rally? I've been holding a small short from around 71.50, but I'm debating whether to let it ride through the weekend or close it out to avoid any overnight gap risk. What's your strategy for this coming week?