Best Price-Action Strategy to trade XAUUSD and XAGUSD

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@nsg_usd - 1 month ago
Quoted - godspowerdan

Xauusd took out the protected high confirming the buys for real

Okay. I'm waiting for it to take out the high at 4200 price level.

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@nsg_usd - 1 month ago

XAGUSD (Silver)- Price played out as expected but didn't give me my entry confirmation to join the buys. will expect price to reach 63,00

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@nsg_usd - 1 month ago
Quoted - nsg_usd

XAGUSD (Silver)- Price played out as expected but didn't give me my entry confirmation to join the buys. will expect price to reach 63,00

XAGUSD (Silver)- Price playing out as expected on the weekly. Potential Bullish Engulf Pattern forming on the weekly just like I mentioned on Monday. This will be concluded when the market closes on Friday.
Completion of the Bullish Engulf pattern on the weekly will signal strongly a potential trend reversal on Silver.
Invalidation of the monthly bearish trendline is the final conclusion that Silver is completely bullish.

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@asuquokelvin - 1 month ago
Quoted - nsg_usd

It's totally fine. We are right in our own ways. I respect your analysis. This is a different POV on Fib. but it's cool. I respect it. If this is convincing enough for a beginner, then that's what matters.
Fib is not an SMC thing, it's quite wonderful you use it in your analysis.

Fib retracement is just simple buy below 50 level and sell above 50 level don't buy or sell at 50 as that is an equilibrium level, and that is a general knowledge, it's fine a beginner should understand that fib is from 0.0 to 100 and it should start from the down not from the top, and from that chart image if you look at price we have a bullish order block, that order block is at demand and it falls at 38.2 to 0.0, so now buying at that level should correlate with the fib analogy of buying below 50 and selling above 50 not the other way round

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@nsg_usd - 1 month ago
Quoted - israeljasspu

Done for the week on gold 1:20rr I posted it here

Wow. Super cool. Nice setup.
Will be expecting pullback on Gold today.

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@nsg_usd - 1 month ago
Quoted - godspowerdan

That's a valid point to take out

Yeah. but today, I'm expecting Pullbacks on Gold.

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@nsg_usd - 1 month ago
Quoted - victordtrader

A bullish engulfing on the weekly signals that the bullish trend may be resuming, but that doesn't means buy. I'd wait for bears exhaustion before positioning long.

Yeah, that's right. Will be expecting pullbacks today on Gold. A break below 4094 and the sells will deepen. Otherwise, the rally will continue.

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@nsg_usd - 1 month ago
Quoted - asuquokelvin

A break above that daily intermediate high @ 62.770 will signal more buys to the upside from the daily

That's right. for today, I'll be expecting pullbacks on Silver down to 57.30 price level before the rally continues.

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@nsg_usd - 1 month ago

XAUUSD Daily Projection
The Bullish momentum on Gold weakens as today resumes with bearish activities on the Daily @4137-4141 internal resistance price level (red). Expecting the Intraday sells to drive price down to 4024 internal Support level. (blue)

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@nsg_usd - 1 month ago
Quoted - nsg_usd

XAUUSD Daily Projection
The Bullish momentum on Gold weakens as today resumes with bearish activities on the Daily @4137-4141 internal resistance price level (red). Expecting the Intraday sells to drive price down to 4024 internal Support level. (blue)

XAUUSD- D1- With today's daily having potential to close bearish, a lower low will be formed on the daily signaling the bears are still willing to drive price downwards.

I'll be expecting the sell activities to last till tomorrow, unless price invalidates the weekly trendline before the week is over.

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