20220711 Premarket Prep Gold

11 Jul 20220711 Premarket Prep Gold

#Fin­twit #XAUUSD #GOLD #Mar­ket­Pro­file #Order­flow

This is my pre­mar­ket prep for today’s Euro­pean ses­sion for GOLD. This prep builds off of my week­ly trade plan I made here:

Gold 2022 Week 28 Trad­ing Plan

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

• MN
  • Price made a LL and is trad­ing at MN-C‑D 1738.757
  • MN QHi reject­ed. Price trad­ing mid swing
• W1
  • W1 closed below W1 LKC and is cur­rent­ly trad­ing with­in body
  • Price trad­ing with­in Wide W1 QLo

Nar­ra­tive

• D1
  • Price slow­down at MN/W1/D1 demand
  • D1 QLo shares same lev­els at W1 QLo
• H4
  • Pos­si­ble H4 Phase 1 / 3 
  • Price trad­ing at H4 VWAP in DT
• Trend
  • Strong DT 3/3
• Mar­ket Profile
  • 2 over­lap­ping val­ues in DT
• LN Open
  • Open With­in Value
  • Asia trad­ed lower
  • 0.35xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion
• Hypo 2
  • Short
  • Failed Auc­tion
• Hypo 3
  • Long
  • Late-Sus­tained Auction
• Hypo 4
  • Short
  • Late-Sus­tained Auction

Clar­i­ty / Con­fi­dence (1 — 5)

• 2

Mind­ful Trad­ing (lack of sleep?)

• A lit­tle tired

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram