20221003 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 40 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 body, at MN 50MA in UT
  • MN QHi reject­ed, price trad­ing mid swing, not far from MN QLo
• W1
  • W1 Inside Bar below W1 200MA in UT
  • Price test­ed W1-C‑D 1625.456 BASE
  • Price trad­ing above body, with­in range

Nar­ra­tive

• D1
  • Price test­ing D1-C‑S 1670.971 Low in Dist. Curve (with­in Val­ue) coin­cid­ing with D1 VWAP in DT, pos­si­ble TC
  • D1 Demand formed at W1-C‑D 1625.456 BASE
• H4
  • H4 Bear Engulf at D1 Sup­ply coin­cid­ing with H4 UKC in DT
  • H4 VWAP in DT BO
  • H4-C‑D 1650 coin­cid­ing with H4 VWAP
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • Val­ues in UT
• LN Open
  • 0.21xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral Day
  • 0.33xASR IBR

Addi­tion­al Notes

• N.A. 

Hypos

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

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