Best Price-Action Strategy to trade XAUUSD and XAGUSD - Page 6

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@godspowerdan - 21 hours ago

Quoted - nsg_usd

oh. okay. I'll watch out for it's next reaction at the Support region.

Price will not hold at that support because price already bearish

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@godspowerdan - 21 hours ago

Quoted - nsg_usd

BTC- the sell momentum is strong. I'll expect buy reactions from the 61046 price region. A break below and we'll witness a drop back at the 59000 price region.

Price is ranging as you can see as i have marked with a rectangle. until price breaks out of that range

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@nsg_usd - 16 hours ago

Quoted - godspowerdan

From your chart, price has broken that channel so I expect price to start giving bearish orderflow

BTC- price reacts at the 62000 and respects the Lows, creating 4hr double bottom. Will it carry the momemtum it needs to break above 64800 from that price region. We'll watch and see.

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@nsg_usd - 16 hours ago

Quoted - israeljasspu

Observing

Alright. Today's update. I'll watch out for this to play out on BTC.

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@nsg_usd - 16 hours ago

Quoted - godspowerdan

Price will not hold at that support because price already bearish

XAUUSD- Price didn't drop exactly to 3960, but reacted at 3980, which is still at the Support region. There are Bullish imprints already which shows the support is still valid.

@asuquokelvin @israeljasspu @godspowerdan

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@nsg_usd - 16 hours ago

Quoted - godspowerdan

Price is ranging as you can see as i have marked with a rectangle. until price breaks out of that range

BTC- I'll watch out for this structure play today.

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@asuquokelvin - 15 hours ago

Quoted - nsg_usd

BTC Analysis Update
Price was unable to break above the 64411 price region. It rather retreated from the resistance level with a bearish drop back to 62035 internal support level today monday, invalidating the 4hr bullish trend channel.

I will still consider some further confirmation on BTC because price failed to break below the blue line level I marked Which was the bearish confirmation level, rather swept it, so I am watching 63531.98 level to see if price reverse from there and break below the blue line I marked then I can consider sells but for now no confirmation on BTC yet

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@nsg_usd - 14 hours ago

Quoted - asuquokelvin

I will still consider some further confirmation on BTC because price failed to break below the blue line level I marked Which was the bearish confirmation level, rather swept it, so I am watching 63531.98 level to see if price reverse from there and break below the blue line I marked then I can consider sells but for now no confirmation on BTC yet

Alright. Possibilities of price rejecting from that level is high. This pattern further confirms.

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@godspowerdan - 12 hours ago

Quoted - nsg_usd

BTC- price reacts at the 62000 and respects the Lows, creating 4hr double bottom. Will it carry the momemtum it needs to break above 64800 from that price region. We'll watch and see.

BTCUSDT is ranging in the 1h timeframe, i'm waiting for price to break out either to the upside or downside so that the direction of price will be clear

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@godspowerdan - 12 hours ago

Quoted - nsg_usd

XAUUSD- Price didn't drop exactly to 3960, but reacted at 3980, which is still at the Support region. There are Bullish imprints already which shows the support is still valid.

Let's hold well that level will hold price

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@israeljasspu - 11 hours ago

Quoted - nsg_usd

XAUUSD- Price didn't drop exactly to 3960, but reacted at 3980, which is still at the Support region. There are Bullish imprints already which shows the support is still valid.

Am selling gold

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@israeljasspu - 11 hours ago

Quoted - nsg_usd

Alright. Today's update. I'll watch out for this to play out on BTC.

Hmm

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@asuquokelvin - 10 hours ago

Quoted - nsg_usd

Alright. Possibilities of price rejecting from that level is high. This pattern further confirms.

Base on my observation bitcoin may reach or may not, it's under probability, untill CPI though

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@asuquokelvin - 9 hours ago

Quoted - nsg_usd

XAUUSD- Price didn't drop exactly to 3960, but reacted at 3980, which is still at the Support region. There are Bullish imprints already which shows the support is still valid.

A support becomes valid when it has broken a key level to the upside, because you can't just trust a support level because price reacted from the support

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@nsg_usd - 9 hours ago

Quoted - asuquokelvin

Base on my observation bitcoin may reach or may not, it's under probability, untill CPI though

Yeah. I'll expect CPI to be lower than previous. As the Feds keeps holding range between 3.5%-3.75, a higher CPI could shift expectations to rate hike.

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@nsg_usd - 9 hours ago

Quoted - israeljasspu

Am selling gold

Alright. Invalidation of this 15mins bearish flag and the sells momentum will increase. otherwise, Price will rally to 4060 Supply zone before strong sells.

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@nsg_usd - 8 hours ago

Quoted - nsg_usd

Alright. Invalidation of this 15mins bearish flag and the sells momentum will increase. otherwise, Price will rally to 4060 Supply zone before strong sells.

XAUUSD- The Flag held, as price relied on it for a rally, on CPI release.

@asuquokelvin @israeljasspu @godspowerdan

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@nsg_usd - 8 hours ago

Quoted - nsg_usd

Yeah. I'll expect CPI to be lower than previous. As the Feds keeps holding range between 3.5%-3.75, a higher CPI could shift expectations to rate hike.

BTC- update- Price rallies as CPI came out lower than previous.

@asuquokelvin @israeljasspu @godspowerdan

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@nsg_usd - 8 hours ago

Quoted - asuquokelvin

A support becomes valid when it has broken a key level to the upside, because you can't just trust a support level because price reacted from the support

Well, XAUUSD proves otherwise.

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@nsg_usd - 7 hours ago

Quoted - asuquokelvin

A support becomes valid when it has broken a key level to the upside, because you can't just trust a support level because price reacted from the support

I'll rather have my technicals prove me wrong. Technical confluences has been working and well proven way before the invent of SMCs and modern trading rules.. Nothing beats good old-fashioned pure price action.

A major Support remains valid as long as price keeps respecting it and it keep causing rebounds, not necessarily until it breaks another one. Price levels for rebounds may change around the region, but that does'nt mean the support is invalidated, until there's a valid break below it, flipping the same zone to a Resistance zone.

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