#Fintwit #XAUUSD #GOLD #MarketProfile #Orderflow #TradingPlan
This is my weekly outlook on GOLD. The levels that I will be looking at with a higher probabilistic chance the market will start reacting. During the session I then wait for the market to hit those levels and either confirm or reject my bias through price action confirmation and order flow. I hope that makes sense. If not, get in touch with me.
Monthly — Bullish
- Last month closed slightly within MN-C‑S 1966.235, and MN QHi giving demand at MN-C‑D 1926.743 Base HiDC
Weekly — Neutral
- Price closed within W1-C‑S 1983.747 after having created W1-C‑D 1973.367 HiDC
- Price trading within W1 QHi
Daily — Bearish
- D1 Evening Star giving D1-C‑S 2020.150
- Price trading within Wide D1 QHi
D1 demand at MN-C‑S 1966.235 - Price trading around Round No. 2000
Sentiment summary — Neutral
Additional notes
- N.A.
Focus Points for trading development
- Monthly Goals
- Use SL scaling
- 1st DTTZ Gold
- 2nd DTTZ DAX