Best Price-Action Strategy to trade XAUUSD and XAGUSD

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- 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.

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

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

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.

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

Wait ooh nah this year silver start they hot ooh I don't even trade that pair

Nice setup

Active on Fa

Sharp buys I did same too wasn't active for while

Nah gold is going up more btce

That's why a reaction around there would be best not just placing a limit order, a bearish close below 4007.117 gives a more downside

GOLD- I'll hold on to this Bullish bias on Gold, unless it breaks below this month's low before i can go bearish.

Alright. expecting gold to trade within the range until the fed interest rate decision next week. Expecting reactions for sells from this zone.

Cool. Will watch how Gold will react to it, I'll just wait till the news is released before trading Gold.
Expecting Reactions at the 4094-4100 for sells on gold next week.

Yeah. Price pulldown as expected, reacted at the 4024-support level, and continued the buys.

Lol. yeah. Silver is also a good pair to trade. Formed the inverse head and shoulder pattern as expected, and continued the buys today.

The selling momentum was too much to enter buys like that

I know the selling pressure was high but that was the best level to buy from, because we marked it already, yes the best approach is to wait for a reaction