Best Price-Action Strategy to trade XAUUSD and XAGUSD

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@nsg_usd - 1 month ago

XAUUSD- Trade setup
Buy Scalps

Expecting buys on Gold from 4023 price level, to rally to 4100.

N
@nsg_usd - 1 month ago

XAGUSD- Trade Setup (4hr)
Buy Scalps.
Expecting price decline down to 55500, support level, before strong rally will kick in.

N
@nsg_usd - 1 month ago
Quoted - godspowerdan

The market is actually ranging

On Gold- Expecting invalidation of this 15mins Bearish Channel next week, then join the buys to back to 4100.

It's best to trade within the range.

N
@nsg_usd - 1 month ago
Quoted - godspowerdan

Looks cool, let's see what next week holds

Yeah. And next week is NFP, and also a new month. On the monthly, Gold is closing Bullish. Forming a swing low. That's a detail to put into consideration.

N
@nsg_usd - 1 month ago
Quoted - asuquokelvin

Am not trading gold untill I have a clear direction

That's a good approach. Gold is in a range. It's best to stay on scalps or wait for a breakout.

A
@asuquokelvin - 1 month ago
Quoted - nsg_usd

XAGUSD- Trade Setup (4hr)
Buy Scalps.
Expecting price decline down to 55500, support level, before strong rally will kick in.

silver is currently ranging same way as gold looking at the gap created by the week open if price trades below it the i will wait for 57.002 level to be broken before selling on pull backs

A
@asuquokelvin - 1 month ago
Quoted - nsg_usd

That's a good approach. Gold is in a range. It's best to stay on scalps or wait for a breakout.

Even the scalp I was stopped out, just don't really understand how to approach gold for now

N
@nsg_usd - 1 month ago

XAGUSD Daily Update
Bias: Bullish
Technical Outlook: Bearish consolidation Channel

Price broke out of the 4hr bullish channel it created this week and formed a bearish channel signalling a possible pullback to complement the bullish impulse leg we've seen this week.
Will be waiting for the Buy continuations with entry-60.95 and SL 60.68.

N
@nsg_usd - 1 month ago
Quoted - godspowerdan

yeah price is bearish on XAGUSD, i missed those sells cause i don't trade silver

I'll trade the sells continuation next week, if price breaks below 64.51 price level with my SL above 65.50.

G
@godspowerdan - 4 weeks ago
Quoted - nsg_usd

Yeah.

The direction has changed to buys

G
@godspowerdan - 4 weeks ago
Quoted - nsg_usd

Where are you looking at buying from?

From the demand zone, but I won't be trading it because I want to take the Gold buys instead

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