Trading Plan Gold (XAU USD) 04232020

These are my hypo­thet­i­cals for today’s Gold ses­sion. Basi­cal­ly the lev­els that I will be look­ing at where it has a high­er prob­a­bilis­tic chance the mar­ket will start react­ing. Then I come up with ways I think the mar­ket will react around those lev­els. Dur­ing the ses­sion I then wait for the mar­ket to hit those lev­els and either con­firm or reject my hypoth­e­sis. I hope that makes sense. If not, please get in touch with me. I am not sell­ing you any­thing. I just love to talk to peo­ple that are on the same path as me. So don’t be shy and reach out. 

Obser­va­tions of the market

• M: Price with­in Quar­ter­ly and month­ly QHi and Sup­ply ZOI
• W: With­in W QHi. 1st rejec­tion of W Sup­ply ZOI last week but now have retraced more than 50% up and are look­ing to pos­si­bly reject again. We still have today and tomor­row with­in the candle. 
• D: Trad­ing below D QHi and D Sup­ply ZOI. Made a strong push yes­ter­day from QLo to QHi. Today we haven’t retraced back down much (yet)
• H4: Rejec­tion of H4 QHi yes­ter­day but no strong push down. Con­sol­i­dat­ing but no strong finisher.
• M30: M30 is show­ing a dou­ble top rejec­tion of H4 QHi but cur­rent­ly the AS is pos­si­bly look­ing to test it again.
• Mar­ket Pro­file: Above PDVAH and range. Mar­ket is imbal­anced but test­ing last Friday’s high.

Hypo­thet­i­cal

Hypo1: H4 Swing Rever­sal below H4 QHi

Entry Short below 1707. Tar­gets 1703, 1698, 1692, extend­ed tar­get 1680

Hypo2: H4 Swing Rever­sal with­in H4 QHi

Entry Short below 1718. Tar­gets 1707, 1703, 1698, 1692, extend­ed tar­get 1680

Hypo3: Yesterday’s high BO

Entry Long above 1718. Tar­gets 1723, 1729, extend­ed tar­get 1734