20221212 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 50 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 is trad­ing above body, out­side range, at MN VWAP
• W1
  • Weak W1 Ham­mer at W1 50MA in R after W1 Sup­ply got tak­en out
  • Price trad­ing below W1 QHi
  • Price trad­ing below body, with­in range

Nar­ra­tive

• D1
  • Pos­si­ble D1 Phase 1 / 3
  • Price trad­ing at D1 200MA
• H4
  • H4 QHi reject­ed (coin­cid­ing with D1 Sup­ply), price trad­ing mid swing
  • H4 Bull­ish Inside Bar at H4 VWAP, 50MA in UT. OLD H4 demand
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • Wide val­ue cre­at­ed in UT
• LN Open
  • Prev. Day Exceed­ed ADR by 1.01
  • Open With­in Val­ue (Wide Value)
  • Asia trad­ed lower
  • 0.20xASR Tight IBR

Addi­tion­al Notes

• N.A. 

Hypos

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

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

• 1

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing a bit tired

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram