Gold 2022 Week 27 Trading Plan - Bear Market Trader
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Gold 2022 Week 27 Trading Plan

Gold 2022 Week 27 Trading Plan

#Fin­twit #XAUUSD #GOLD #Mar­ket­Pro­file #Order­flow

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 — Bearish

  • MN Bear Engulf giv­ing MN-C‑S 1905.787 reject­ing MN QHi
  • Price con­tin­ued clos­ing lower
  • Last month closed clos­er with­in MN demand but did not make a LL
  • Con­jec­ture: Even though price closed with­in MN demand there is more demand right beneath it (as well as price near­ing MN UKC in UT) and could see some reaction. 

Week­ly — Bearish

  • W1 Bear Engulf giv­ing W1-C‑S 1852.151 leav­ing a longer buy­ing wick
  • Even so, price closed low­er with­in wide W1 QLo
  • Last week closed above W1-C‑D 1807.673 leav­ing a longer buy­ing wick
  • Con­jec­ture: Price did close low­er but saw some reac­tion off demand and closed above it. With longer buy­ing wicks around there could be a rever­sal although none has formed yet. The wide QLO indi­cates a poten­tial for more downside.

Dai­ly — Neutral

  • D1 QLo shares the lev­el with Wide W1 QLo
  • D1 closed below pre­vi­ous low, made a LL after clos­ing as an Inside Bar with long buy­ing wick (D1 Ham­mer) react­ing off D1-C‑D 1797.238 (near round number)
  • Con­jec­ture: A Ham­mer is more like­ly to see a con­tin­u­a­tion down but trad­ing at these lev­els price could form a D1 Three Out­side Up. Although it was pos­si­bly a Fri­day prof­it-tak­ing move.

Sen­ti­ment sum­ma­ry — Bearish

Addi­tion­al notes

  • Black­swan event

Focus Points for trad­ing development

  • Month­ly Goals
    • 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


Day trader. Tech geek. Sim Racing Enthusiast.

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