Gold 2022 Week 13 Trading Plan

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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. I love to talk to people that are on the same path as me. So don’t be shy and reach out. 

Monthly – Neutral

• MN closed as a RBR with some selling wick reacting off MN Supply and closing below MN QHi
• Price trading below MN-C-S 1965.163 but still within MN QHi
• Price trading within last month’s range after having extended and made a HH

Weekly – Neutral

• W1 Evening Star rejecting W1 QHi and W1 C-Sup
• Last week closed as a Bullish Inside Bar (no complete retracement to newly formed supply)

Daily – Bullish

• D1 Consolidation and break high 
• D1 Base with longer buying wick formed below MN C-Sup
• D1 QHi rejection

Sentiment summary – Neutral

• MN started reacting off MN QHi and MN Supply after having made a HH
• W1 formed a Bullish Inside Bar after having rejected W1 QHi. If price sees a follow-through testing newly formed W1 C-Sup it could possibly see a continuation.
• Even though D1 QHi got rejected, the price has shown strength mid swing. Price retraced to MN supply and formed a base. More information is needed if the move is sustained higher. 

Additional notes

• Blackswan event
• Apr 01, 20:30, USD, Non Farm Payrolls (Mar)

Focus Points for trading development

• Monthly Goals
  • No momentum trades on Non-Farm Fridays
  • No early exits, either hit SL or target
  • Use SL scaling in case the profit target for the setup doesn’t provide 2R for example for FA or VAA setups
• Risk Management
  • 2 consecutive days of lack of sleep = NO TRADING

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