Best Price-Action Strategy to trade XAUUSD and XAGUSD

That's painful. The sells would have favored you, and you would have been in profit.
The forceful bearish impulse from that level has flipped the 4hr hour candle bearish. I'll still be following it up, as that is not enough reason to change my bullish perspective.
I'm expecting today to close within that price level (4131), without breaking below it and then tomorrow starts with buys.

XAGUSD- Daily Update (Wed 21st Oct 2026)
Still following up on silver trade setup. Waiting for a breakout from the trendline resistance to fully confirm the long position.
Then I'll position to go long on the retest of the price level at 57.515 with my SL at 56.33.

Silver is pushing downward even more

XAUUSD - Daily Update (Wed 21st Oct 2026)
Despite the bullish move seen yesterday during New York session on Gold, price closed below 4131.
Today, price continues trading within the range between 4131(resistance) and 4100(support).
I'll wait for a 4hr breakout on either side of the price level for me to position for buys or sells.

XAUUSD- Trade Setup
Trade Type: Long
Entry: 4130.63
SL: 4106.28
Execution: Pending Order

Trade Idea: Price has broken above the price level at 4131 price level out of the range.
I've set my buy limit and I'm waiting for the current 4hr to close by 2pm.
The 4hr close above the zone will fully confirm that price has broken above the level.

My trade setup is triggered by the current retracement; I'll just follow up and see if the 4hr will close above the zone.
Entry: 4130
SL: 4106

The 1hr trend support on Silver is still valid and the next 4hr will likely close bullish. I'm not convinced it will continue downwards while the trend support is still valid except it is invalidated.
I'm still waiting for a break above the 4hr trend resistance, for me to position for buys.
Entry: 57.515
SL: 56.300

XAUUSD- Trade Setup
Trade Type: Long
Entry: 4130.63
SL: 4106.28
Execution: Pending Order

Trade Idea: Price has broken above the price level at 4131 price level out of the range.
I've set my buy limit and I'm waiting for the current 4hr to close by 2pm.
The 4hr close above the zone will fully confirm that price has broken above the level.

Gold has shown a full bullish intent, I will be waiting for price to break structure and then retrace back to the box level then I will look for continuation

The current 4hr has closed and price triggered my entry.
I'll be holding it possibly till the next 4hr candle closes by 6pm.
Entry: 4134
SL: 4106

The 1hr trend support on Silver is still valid and the next 4hr will likely close bullish. I'm not convinced it will continue downwards while the trend support is still valid except it is invalidated.
I'm still waiting for a break above the 4hr trend resistance, for me to position for buys.
Entry: 57.515
SL: 56.300

Price is actually going well on gold

It's still reacting at the level. I'm still cautious with it.
Once it's able to close above the 4140-price level on 1hr then the rally will continue freely at least till the next supply level at 4170 price level.

Yeah but it's still consolidating inside the wedge pattern

It's Nice you spotted a rising wedge. without a breakout from the wedge to the upside or downside, price will continue trading within it.
The pattern aligns with while I'm waiting for price to invalidate the bearish trend resistance before I can execute the bullish trade setup.
Entry: 57.515
SL: 56.300

You just wait patiently, and get your confirmation before taking the trade

Gold is retracing back to 4114 level

The 1hr trend support on Silver is still valid and the next 4hr will likely close bullish. I'm not convinced it will continue downwards while the trend support is still valid except it is invalidated.
I'm still waiting for a break above the 4hr trend resistance, for me to position for buys.
Entry: 57.515
SL: 56.300