Best Price-Action Strategy to trade XAUUSD and XAGUSD

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@nsg_usd - 4 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.

N
@nsg_usd - 4 hours ago
Quoted - nsg_usd

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.

XAUUSD- On The Daily, I'm expecting 3 Key Price levels for bullish reversals on Gold.
First Price level is the 4041 price level where price is currently at.
2nd Price level is at the 4024 Key price level. This connects with Jun 11, Low that resulted in a bullish rally to the 4379 Resistance price level.
3rd Price level is at the 3985 key price level that connects with last week's Tuesday Low that saw a rally too.
Invalidation of the 3 key levels without reversing from either of them, then Gold will dip down below 3960.
NOTE: Price levels are estimates of the reaction zones.

G
@godspowerdan - 2 hours ago
Quoted - asuquokelvin

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

I don't trust that pullback because price may just take those lows. With the way price is moving, i'm not considering buys

N
@nsg_usd - 1 hour ago
Quoted - godspowerdan

With the way Gold is retracing, i wouldn't even think of looking for buys because that momentum is too much for a retracement

That's where I'll be looking for confirmations before entry. Without solid confirmations and confluences at the reaction Levels there won't be executions.

The heavy sells is even the more reason the buys can hold. Cause the sells will be leaving imbalances that the Buys will need to fill up.

N
@nsg_usd - 1 hour ago
Quoted - godspowerdan

I'm expecting sells

Alright. This is the Buys I'm expecting first. Before I can target that daily high next week.

N
@nsg_usd - 54 minutes ago
Quoted - godspowerdan

Alright man

Apply proper risk management

Yeah Sure. A break above the 4052 price level, and the buys will push.

N
@nsg_usd - 51 minutes ago
Quoted - godspowerdan

I won't buy though

I will look out for sells

Alright. Where are you looking at selling from?

For sells On Gold, I'll be expecting it from 4090 resistance price level. That's why I'm targeting my first TP for buys there.

N
@nsg_usd - 48 minutes ago
Quoted - godspowerdan

Alright man

Apply proper risk management

Gold- The buys are scalps for now. I'll go full swing, when price invalidates the 1hr bearish channel it created today.

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