Weekend position management is crucial. Given the bullish close on Friday, I'll be adjusting my stop-loss orders to protect profits in case of a Monday gap down. The RSI is overbought, so a correction is possible. I'm aiming to secure some gains if XAGUSD retraces towards the 84 level.
@AidenR40 Good point about weekend risk management. I agree that the overbought RSI warrants caution. Adjusting stops is definitely a smart move. However, I'm a bit more bullish than targeting 84. Given the strength of the trend, I'm anticipating a shallow pullback, potentially to the 89-90 range, before resuming the upward trajectory. A break above 92 could trigger further upside towards 95. I'll be monitoring price action closely on Monday to see how it unfolds. It's a good time to be careful, but also to be ready to capitalize on the momentum if it continues.
