20221116 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, price near­ing MN VWAP, into CAR territory
• W1
  • Price trad­ing above body, out­side range, with­in W1 Supply
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • Price trad­ing high­er with­in Wide D1 QHi
  • D1-C‑S 1790.802 not far above
• H4
  • Pos­si­ble H4 Phase 1 / 3
  • Price trad­ing above H4 VWAP in UT, with­in Wide D1/H4 QHi
• Trend
  • Trend is UP 2/3
• Mar­ket Profile 
  • Val­ue cre­at­ed above the pre­vi­ous 2 over­lap­ping values
• LN Open
  • Open With­in Value
  • Asia trad­ed lower
  • 0.21xASR Tight IBR

Addi­tion­al Notes

• N.A. 

Hypos

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

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