20220713 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

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

Larg­er Timeframe

• MN
  • Price trad­ing with­in (wide) MN demand
• W1
  • Price made a LL and is trad­ing below body, below range and is cur­rent­ly test­ing W1-C‑D 1729.709
  • Almost tak­ing out W1 QLo

Nar­ra­tive

• D1
  • Price closed low­er almost tak­ing out D1/W1 swing low
• H4
  • Pos­si­ble H4 Phase 1 / 3
  • Some con­sol­i­da­tion above End of W1/D1 Swing Low
• Trend
  • Strong DT 3/3
• Mar­ket Profile
  • 4 over­lap­ping val­ues slop­ing down
• LN Open
  • 0.59xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day
  • 0.34xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Late-Sus­tained Auction
• Hypo 4
  • Long
  • Auc­tion Fade

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