Best Price-Action Strategy to trade XAUUSD and XAGUSD - Page 31

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@nsg_usd - 7 hours ago

XAUUSD- Trade Setup
Type: Long
Execution: Pending Order
Entry: 4116
SL: 4052

@asuquokelvin @godspowerdan

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@asuquokelvin - 7 hours ago

Quoted - nsg_usd

XAUUSD- Trade Setup
Type: Long
Execution: Pending Order
Entry: 4116
SL: 4052

Gold may not go that far again already making a reaction , check the chart image a break above that necklace will give opportunity to go long so the level you marked out us very far its below the fvg if the fvg is taken out that is bearish confirmation so right now price is respecting the higher timeframe fvg except price choose to invalidate it

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@nsg_usd - 7 hours ago

Quoted - nsg_usd

XAUUSD- Trade Setup
Type: Long
Execution: Pending Order
Entry: 4116
SL: 4052

XAUUSD- Trade Idea/Approach
with the invalidation of the month-term bearish downtrend channel last week, I'm expecting a retest of the trend channel as support at the 4110-price level which confluences with a key level.
I've set my Buy limit at the 4116-price level, with SL at 4052 which will confirm invalidation of the trade idea if price breaks below the level.

@asuquokelvin @godspowerdan

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@nsg_usd - 4 hours ago

Quoted - asuquokelvin

Gold may not go that far again already making a reaction , check the chart image a break above that necklace will give opportunity to go long so the level you marked out us very far its below the fvg if the fvg is taken out that is bearish confirmation so right now price is respecting the higher timeframe fvg except price choose to invalidate it

Except Gold respects this bullish trend support and flips back the internal level at 4180 to support. Then I'll join the buy continuations above that level with my Entry at 4175, and placing my SL below today's low at 4150. Otherwise, I'll wait for it at that 4110-price level.

@asuquokelvin

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