@wildreef on XAGUSD | PriceONN Community
W
Wow, silver really shot up on Friday! I'm a bit worried about a big gap up on Monday morning now. I have a small long position open and I'm not sure whether to close it now or risk it. What do you guys think? Is the RSI too high now?
Replies
Hey @wildreef, I feel your pain! That gap up worry is real. I'm still learning, but maybe setting a tighter stop-loss could help? That way, if it does gap up too much, you're at least protected a little. Or maybe take some profit now and sleep better over the weekend? Just a thought!
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@wildreef, given the RSI around 55, it's not excessively overbought. Consider your risk tolerance. If you're uncomfortable with the potential gap, a partial close might be prudent. Otherwise, holding with a tight stop-loss order could be an option.