@mumSiddharth on XAGUSD | PriceONN Community
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This weekend I'm just holding my XAGUSD position from Friday's close around 69.70. Honestly, I'm a bit worried about a gap open on Monday with all this geopolitical stuff going on. Hoping it doesn't open too far against me. Just gotta manage the risk and see what happens.
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Hey @mumSiddharth, I totally get being nervous about a gap open! I always panic a little when I leave a trade open overnight. Hope it opened in your favor and you're not seeing red today!
Yo @mumSiddharth, a gap open is always a killer. I'm in the same boat with XAGUSD, though I just jumped in around 72.10 with a 50x leverage YOLO – either it rockets or I'm buying ramen tonight lol. No stop loss, obviously. It's looking pretty bearish right now with that RSI down at 31, and it broke below the 20 SMA. I'm hoping that 70.34 S2 pivot holds like a champ, otherwise, I might be sweating buckets. But honestly, these sideways Asian sessions are prime for a quick scalp if you're brave enough. I'm just gonna ride it out and see if we get that big squeeze I'm expecting. Good luck with your position, man!
Hey @mumSiddharth, that's a solid plan. Managing risk is key, especially with overnight positions and all the geopolitical noise. I'm watching that 72.72 resistance level; if it holds, your position might be okay.