Best Price-Action Strategy to trade XAUUSD and XAGUSD

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@nsg_usd - 23 hours ago
Quoted - godspowerdan

Gold is showing bearish interest

I'm expecting price to break lower for more confirmation

XAUUSD Trade Projection
Timeframe: 4hr
Technical Outlook: Ascending Broadening Wedge
the ascending broadening wedge is often known to form in continuation trends, and when invalidated results in trend reversals. But it also forms at beginning of trends signifying trend expansion, and buyers are beginning to gain dominance after a sustained bearish trend.

For GOLD, A break above the 4135 price level, and there will be a strong rally to 4251. invalidation of the ascending broadening wedge before we can expect any strong bearish move.

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@nsg_usd - 22 hours ago
Quoted - asuquokelvin

The next session should confirm the bias. A strong hold above 4135 after the volume pattern completes would support continuation, but rejection at that level could signal another liquidity grab before the next move.

The 4135 price level kept resisting price from rally further this week. But i'm anticipating price to break above it next week. Price declined down to 4095 to complete the volume pattern create balance with a double bottom and then rally again toward 4135.

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@nsg_usd - 22 hours ago
Quoted - israeljasspu

Good view am bullish too

All right cool. Let's watch out for a break above the current price region

I
@israeljasspu - 10 hours ago

Am bearish on xau

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@nsg_usd - 9 hours ago
Quoted - israeljasspu

Am bearish on xau

I'll watch out for this trendline invalidation before i can go bearish on XAU. For now i'm bullish.

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