20221114 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 46 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 above body, out­side range
• W1
  • Big move up clos­ing below W1-C‑S 1773.738
  • W1 QLo reject­ed, price trad­ing mid swing
  • Price trad­ing with­in body

Nar­ra­tive

• D1
  • Price closed high­er with­in Wide D1 QHi
• H4
  • Price trad­ing with­in Wide D1/H4 QHi
• Trend
  • Trend is UP 2/3
• Mar­ket Profile 
  • Val­ue cre­at­ed above the previous
• LN Open
  • Open With­in Value
  • Asia formed a Neu­tral Day but most­ly trad­ed lower
  • 0.33xASR IBR
  • Per­haps a delayed reac­tion to Fri­day Profit-Taking

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion, per­haps a 3‑I Day
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • Long
  • Auc­tion Fade
• Hypo 4
  • Short
  • Auc­tion Fade, 3‑I Day

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

• 1

Mind­ful Trad­ing (lack of sleep?)

• A bit tired from sore­ness, will take it easy

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram