22 Sep 20220922 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 38 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price trad­ing below body, below range
  • Price near­ing MN 50MA in UT
• W1
  • Price made a LL and is cur­rent­ly trad­ing below body, with­in range
  • W1 QH reject­ed (shar­ing same lev­els with MN), price trad­ing mid swing

Nar­ra­tive

• D1
  • Price took out D1 Sup­ply low in dist. Curve and closed as a Bull­ish Inside Bar how­ev­er leav­ing a longer sell­ing wick
  • Pos­si­ble Phase 1 / 3
• H4
  • Price closed low­er below range tak­ing out demand
  • Pos­si­ble H4 Phase 1 / 3
  • H4-C‑S 1671.126 at VAL, with­in range
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the previous
• LN Open
  • Prev. Day Exceed­ed ADR by 1.33
  • 0.91xASR Below Val­ue, Out­side Range
  • Large Imbal­ance
  • Asia trad­ed lower
  • 0.41xASR IBR

Addi­tion­al Notes

• N.A>

Hypos

• Hypo 1
  • Long
  • Sus­tained Auction
• Hypo 2
  • Short
  • Return to Val­ue, Reversal,
• Hypo 3
  • Short
  • Auc­tion Fade

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

• 2

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram