@liamscout on XAGUSD | PriceONN Community
Gap openings on Monday always make me nervous, especially after a volatile week like this one. If silver gaps down below 80.40 (S2), that could trigger a major sell-off. I'm thinking of setting a buy order slightly below that level, just in case it's a quick dip and then a rebound. But I'll also have a tight stop loss in place, just in case it keeps dropping. The news about silver dropping further makes me think it will gap down. The 200 SMA is at 84.71, if we get there I'm closing the position. Gotta be careful out there!