Best Price-Action Strategy to trade XAUUSD and XAGUSD

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N
@nsg_usd - 6 hours ago
Quoted - nsg_usd

Gold- On 1hr, a bearish channel has been formed. expecting sell continuation from the 4285 price level. SL-4303, TP-4240.

Gold-Price is consolidating on the 15mins. Invalidation of the bearish trendline, and the buys will be confident. Otherwise, I'm neutral on Gold but expecting more downward movements for the week.

N
@nsg_usd - 5 hours ago
Quoted - godspowerdan

This is good

Silver- Price returned for a retest of the bearish trendline it broke out from which confluences with the key level 63.00. I'm still holding my positions and will likely swing it except it takes me out.
My entry is 63.25,
SL-62.44
TP-67.07

A
@asuquokelvin - 5 hours ago
Quoted - nsg_usd

Silver- Price returned for a retest of the bearish trendline it broke out from which confluences with the key level 63.00. I'm still holding my positions and will likely swing it except it takes me out.
My entry is 63.25,
SL-62.44
TP-67.07

Look at your chart image again, the bearish candle closed a fair value gap between the first candle and the last candle then you think price will continually higher? I might be wrong let price prove it

N
@nsg_usd - 5 hours ago
Quoted - nsg_usd

Silver- Price returned for a retest of the bearish trendline it broke out from which confluences with the key level 63.00. I'm still holding my positions and will likely swing it except it takes me out.
My entry is 63.25,
SL-62.44
TP-67.07

Silver- On 15mins, all my Ts has crossed and my dots checked. My part is complete. Now it's left for the market to prove me wrong or right.
It seems like a trade I'll have to hold overnight. I have my SL at 62.44 price level and will just be following it up for every 4hr candle closure.

N
@nsg_usd - 4 hours ago
Quoted - asuquokelvin

Gold is currently selling, from the level I marked, I noticed it swept those highs and changed direction aha from bullish to bearish

I'm not trusting Gold price action at the moment. It's only good for scalps.
I'm watching out for a break above 4300, signalling buy continuations, or a break below 4270 signalling sells continuation.

Otherwise, I'll just be watching its behaviour from the sidelines and stick to silver.

N
@nsg_usd - 4 hours ago
Quoted - godspowerdan

Major pairs like this same rubbish

Lol. they are the most traded instruments so you shouldn't expect normal and clean price action from them.
I'm in Silver buys already, but for gold I'm still watching it consolidate. A breakout will determine which direction it will head next.

N
@nsg_usd - 3 hours ago
Quoted - nsg_usd

Yeah. I've seen the FVG but I'm trading my pattern. It's just for price to do its thing. What matters now is managing my risk wisely.

Silver- current 4hr has closed. Expecting the last 4hr candle of the day to close bullish above 63.00.
With the daily closing above 63.00 There's higher possibility of price continuing with buys tomorrow.

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