Best Price-Action Strategy to trade XAUUSD and XAGUSD

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@godspowerdan - 14 hours ago

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.

So that means your bias for today is bearish right??

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@asuquokelvin - 13 hours ago

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

From the 1hr trading inside that yellow box would have been good to sell to the 4hrs demand level

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@asuquokelvin - 13 hours ago

The pullback has a strong momentum

The pullback is close to the 50 level but you can still sell to the demand like the 38.2 level, but be cautious

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@asuquokelvin - 13 hours 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)

Gold has formed a wedge pattern on the daily timeframe, and from what I know it's a strong reversal and continuation pattern, so price has violated it by trading above it, so a retest of that yellow box because there is an fvg there, with good reactions we should see continuos buy upward

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@israeljasspu - 13 hours ago

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.

I chop sl this morning till next am done trading

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@israeljasspu - 13 hours ago

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

Yes yes we going down guess fed will hike rate next week

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@nsg_usd - 12 hours ago

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

noted sir. Thanks for the clarification.

@asuquokelvin

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@asuquokelvin - 12 hours ago

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.

Gold has more potential to go higher, but it has to pullback to the demand level before going up again

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@nsg_usd - 12 hours ago

The pullback has a strong momentum

XAUUSD- Price has not taken out the daily high yet, so that pullback can become a deep one. I'm expecting bullish reactions from 4080 price level. a break below it, and the pullback will deepen down to 4024 price level

@godspowerdan

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@nsg_usd - 12 hours ago

Gold has formed a wedge pattern on the daily timeframe, and from what I know it's a strong reversal and continuation pattern, so price has violated it by trading above it, so a retest of that yellow box because there is an fvg there, with good reactions we should see continuos buy upward

Cool.

That's around the 4024 price level I'm expecting price to extend to for a rebound to continue the buys.

Also at that level, it will imprint this bullish pattern.

@asuquokelvin

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@nsg_usd - 12 hours ago

Quoted - israeljasspu

Yes yes we going down guess fed will hike rate next week

Oh that's true. Next week is Fed interest rate decision on Wednesday.

@israeljasspu

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@nsg_usd - 12 hours ago

Quoted - israeljasspu

I chop sl this morning till next am done trading

lol. you caught the buys earlier. so that will cover for the losses.
The bullish momentum was not enough to take out that high, so price will pull down to gain more balance and push up again to try and break the Daily high.

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@nsg_usd - 12 hours ago

Gold has more potential to go higher, but it has to pullback to the demand level before going up again

Yeah. Expecting the pullback. Will join the rebound tomorrow or next week.

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@nsg_usd - 12 hours ago

The pullback is close to the 50 level but you can still sell to the demand like the 38.2 level, but be cautious

The sells would have been when price imprinted this pattern on the 15mins. Will suggest waiting to join the buys from the FVG instead of the SLs except a tight entry is spotted.

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@nsg_usd - 12 hours ago

From the 1hr trading inside that yellow box would have been good to sell to the 4hrs demand level

XAGUSD- I wasn't interested in the sells, Else this 15mins pattern, would have been my entry.

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@nsg_usd - 12 hours ago

So that means your bias for today is bearish right??

Yeah. My intraday bias is bearish. This would have been good 15min entries on Gold and Silver for the sells. This pattern always delivers.

@asuquokelvin @israeljasspu @victordtrader @godspowerdan

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@nsg_usd - 12 hours ago

I think that's just a retracement

What's your bias on Gold

XAUUSD- Overall bias, I'm bullish, but my intraday bias is bearish. I'll trade Gold, when my Intraday aligns with the Overall bias, and I'm expecting it next week.

@asuquokelvin @israeljasspu @victordtrader @godspowerdan

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@asuquokelvin - 11 hours ago

noted sir. Thanks for the clarification.

That's good, gold is making pullbacks into the fib retracement , waiting for price to react around 38.2 level

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@nsg_usd - 6 hours ago

XAUUSD- Trade Projection
Timeframe: D1, 4hr, 1hr
Technical Outlook: Inverted Head and Shoulder Pattern
Bias: Potential Bullish Setup

Expecting price to form the Right shoulder of the inverted bottom pattern at the 4040-price level with the 4hr candle closing bullish. Still watching out for a bit of a stretch to react at the 4024, initial price level I expected the right shoulder to form.

@kemi_allen_omevia @israeljasspu @victordtrader @godspowerdan

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