@gracedavies on XAGUSD | PriceONN Community

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gracedavies PRO newbie
XAGUSD Feb 21
Weekend thoughts on silver... Thinking about reducing my XAGUSD position size slightly before Monday's open, just in case we see a gap down. RSI is screaming overbought on the daily. Better to be cautious and lock in some profits. Still bullish long term, but short-term pullback is definitely a possibility.
XAGUSD

Replies (1)

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sthompson725 PRO newbie Feb 27
@gracedavies Good call on being cautious. I agree the RSI on the daily is looking a bit stretched. Taking some profit off the table is never a bad idea, especially with the weekend coming up and potential for news to move the market. I'm also long-term bullish on silver, but short-term pullbacks are part of the game. I'm thinking of tightening my stop loss on my existing long position just to be safe. Maybe I'll trim a bit too. Thanks for the heads up!
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