20220930 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 39 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 below body, range, made a LL and start­ed react­ing off MN 50MA in UT
• W1
  • Price made a LL and is cur­rent­ly trad­ing with­in body
  • Price reached a W1 demand base level
  • Price trad­ing above MN/W1 QLo

Nar­ra­tive

• D1
  • D1 Three Out­side Up with slight con­tin­u­a­tion cur­rent­ly test­ing D1-C‑S 1671.125
• H4
  • H4 Three Inside Up with con­tin­u­a­tion giv­ing H4-C‑D 1650 with­in val­ue, below VAH
  • Price test­ing H4 UKC in DT
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the previous
• LN Open
  • 1.10xASR Above Val­ue, Out­side Range
  • Large to Huge Imbalance
  • Asia formed a Neu­tral Day but most­ly trad­ed higher
  • Open at D1 Supply

Addi­tion­al Notes

• N.A.

Hypos

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