05 Dec 20221205 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 49 Trad­ing Plan

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, at MN VWAP
• W1
  • Price took out W1 Sup­ply in premarket
  • Price trad­ing above body, out­side range, test­ing Wide W1 QHi

Nar­ra­tive

• D1
  • Price took out D1 Sup­ply but is trad­ing at the next D1-C‑S 1808.713
  • Price test­ing Wide W1/D1 QHi
  • Price trad­ing at D1 200MA
• H4
  • H4 demand cre­at­ed above H4 VWAP in UT giv­ing H4-C‑D 1798.086 Near Round No. 1800 (below VAL, with­in Range)
  • H4 Bear­ish Inside Bar at D1 Sup­ply, price trad­ing at H4 demand HiDC around 1800
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • Val­ues in UT
• LN Open
  • Prev. Day Exceed­ed ADR by 1.15
  • Open With­in Value
  • Asia trad­ed higher
  • 0.27xASR Tight IBR
  • A TPO closed below VAL with­in LTF demand

Addi­tion­al Notes

• N.A.

Hypos

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