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