Best Price-Action Strategy to trade XAUUSD and XAGUSD

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@nsg_usd - 3 weeks ago
Quoted - asuquokelvin

I think price reversal has started yesterday they all bought, gold, silver and Nasdaq, and today they are all selling even AUDUSD it means one thing that price is going back to the save heaven demand

The retracement sells on Silver today was to retest the bearish trendline it broke out from earlier. I'm expecting price to consolidate within the price range till next week.

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@nsg_usd - 3 weeks ago

XAUUSD- Daily Update (Tues 23rd Sept 2026)
Trend-Bullish
Bias-Bearish
Technical Outlook: A bearish Falling Wedge

Intraday Analysis: Gold dropped heavily today from 4358 down to 4277 price level completing the retest of the bearish trendline it broke out from last week Friday.
If price respects this level, then Thursday and Friday will round up buys.

N
@nsg_usd - 3 weeks ago
Quoted - nsg_usd

XAUUSD- Daily Update (Tues 23rd Sept 2026)
Trend-Bullish
Bias-Bearish
Technical Outlook: A bearish Falling Wedge

Intraday Analysis: Gold dropped heavily today from 4358 down to 4277 price level completing the retest of the bearish trendline it broke out from last week Friday.
If price respects this level, then Thursday and Friday will round up buys.

XAUUSD- Daily Update (Thurs 24th Sept 2026)
Bias: Bearish
Technical Outlook: Intraday Downtrend Channel
Intraday Analysis: Gold continued the bearish move today, with a further decline down to 4244 price level before visible buy reactions could be spotted.
I had taken entries at the 4280 and 4261 price levels with SL below 4230, but because of the daily drawdown limit on the account and the uncertainty with the zone holding and preventing price from dropping lower I closed out all my positions.

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@asuquokelvin - 3 weeks ago
Quoted - nsg_usd

Despite the heavy sells on gold, price is reacting at the 4252-price region currently. A break below the level and it will be a free fall. I'll be watching to see if a double bottom will rather be created a the zone instead of a break below the level.

I don't have any buy expectations for gold because price is heavily bearish, and base on the present market conditions gold stand no chance of reversal untill it gets to those lows at 4023

N
@nsg_usd - 3 weeks ago
Quoted - nsg_usd

Silver- Still on 1hr, the resistance level also confluences with a supply zone. to take the sells, I'll love to see price invalidate the intraday bullish channel it created yesterday giving the final confluence that the sells will be deep correction sells possibly down to 64,000.

XAGUSD-Daily Update (Thurs, 24th Sept 2026)
Bias: Bearish
Technical Outlook: Intraday Descending Channel
Intraday Analysis: The sells on Silver is beginning to slow down momentum as price approaches the key support region at 63.27-62.30

N
@nsg_usd - 3 weeks ago
Quoted - nsg_usd

XAGUSD-Daily Update (Thurs, 24th Sept 2026)
Bias: Bearish
Technical Outlook: Intraday Descending Channel
Intraday Analysis: The sells on Silver is beginning to slow down momentum as price approaches the key support region at 63.27-62.30

Silver- I'll be expecting this pattern to play out before the sell continues.
A rally back to 65.39 price level which confluences with the intraday trend resistance should be seen at least first thing tomorrow or next week. The sells look exhausted.

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@nsg_usd - 3 weeks ago
Quoted - asuquokelvin

I don't have any buy expectations for gold because price is heavily bearish, and base on the present market conditions gold stand no chance of reversal untill it gets to those lows at 4023

That free fall will be aggressive and deadly; I'll buckle and get ready for its next move. Next week is month end and interesting activities will happen.

I'm watching out for these 2 scenarios on Gold. A pullback for sell continuations, or a breakout for sell continuations. Either ways I'll follow it up.

N
@nsg_usd - 2 weeks ago
Quoted - nsg_usd

XAUUSD- Daily Update (Thurs 24th Sept 2026)
Bias: Bearish
Technical Outlook: Intraday Downtrend Channel
Intraday Analysis: Gold continued the bearish move today, with a further decline down to 4244 price level before visible buy reactions could be spotted.
I had taken entries at the 4280 and 4261 price levels with SL below 4230, but because of the daily drawdown limit on the account and the uncertainty with the zone holding and preventing price from dropping lower I closed out all my positions.

XAUUSD- Daily Update (Fri 25th Sept 2025)
Technical Outlook: 4hr Bearish Channel
Intraday Analysis: After the 2 days heavy sells, Gold did a recovery today with a bullish move from 4256- to 43215 before sells reaction kicked in at the internal trend channel resistance that confluences with the zone.

I'm expecting buy reactions at the 4274 price level acting as a rebound for price to buy and invalidate the bearish channel.
Expecting next week to buy.

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@nsg_usd - 2 weeks ago
Quoted - nsg_usd

XAUUSD- Trade Setup
Trade Type: Long
Entry: 4274
SL-4238
TP-4501

Comment: I'm expecting Gold to buy next week which is also next month. I'm positioning for next week with a low risk of 0.5% ($500). My first entry was a bit early, but it will accommodate.

XAUUSD- Trade Idea

The reason for my Gold buys is because of the Volume that happened on Wednesday, 2 September of this month. Price has not replicated the volume since and that contributes part of the reason it has not taken out that low at 4238 amid the heavy pressure from Dollar.

Once the dollar pressure lifts even slightly, Gold will rally to replicate the volume. Invalidation of the Low at 4238, will invalidate the volume buys.

N
@nsg_usd - 2 weeks ago
Quoted - godspowerdan

Price should sell from there

Yeah. I'm expecting the buys after the sells.

N
@nsg_usd - 2 weeks ago
Quoted - asuquokelvin

Are you already on the trade?

Yes I am. My entry was a bit premature, but because it is low risk I just left it running. I closed out the one that was a bit of a concern.

N
@nsg_usd - 2 weeks ago
Quoted - godspowerdan

I still believe Gold is bearish from the chart. It's better for structure to turn bullish before trying to buy

Yeah I know it is bearish. I'm following it closely. It's low risk so It doesn't bother much.
Despite all the sell drama, if it doesn't break below that 4230, then the buys are still valid.

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