20220712 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

See more

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

Larg­er Timeframe

• MN
  • Price trad­ing at MN demand, price trad­ing mid swing after MN QHi rejection
• W1
  • Price made a LL, price trad­ing below body, with­in range, with­in Wide W1 QLo

Nar­ra­tive

• D1
  • D1 Bear Engulf giv­ing D1-C‑S 1739.768 Low in Dist. Curve right at MN demand
  • Price trad­ing with­in Wide D1 QLo (shar­ing same lev­els as W1 QLo), price almost took out swing low.
• H4
  • Pos­si­ble H4 Phase 1 / 3
  • Price trad­ing at H4 VWP in DT
• Trend
  • Strong DT 3/3
• Mar­ket Profile
  • 3 over­lap­ping values
• LN Open
  • 0.04xASR Below Val­ue, With­in Range, ambigu­ous open
  • Mod­er­ate Imbalance
  • Asia formed a huge Neu­tral Day
  • A TPO accept­ed val­ue, B TPO formed a Bear Engulf and C extend­ed below before clos­ing with­in. Cur­rent­ly price is rotat­ing through val­ue in D TPO.

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Val­ue Accep­tance, pos­si­ble con­tin­u­a­tion although there could be some reac­tion from D1 Sup­ply Low in Dist. Curve.
• Hypo 2
  • Short
  • Auc­tion Fade
• Hypo 3
  • Short
  • For­ward-test­ing: Rever­sal, push low­er to take out Swing Low

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 3

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram