Gold 2022 Week 28 Trading Plan - Bear Market Trader
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Gold 2022 Week 28 Trading Plan

Gold 2022 Week 28 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 is trad­ing mid swing
  • Last month closed clos­er with­in MN demand but did not make a LL
  • Devel­op­ing month made a LL and is cur­rent­ly test­ing MN-C‑D 1738.757
  • 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

  • Big W1 Bar down clos­ing below W1 LKC above MN/W1 demand
  • Price trad­ing with­in Wide W1 QLo and price got close to tak­ing out swing low
  • Con­jec­ture: Price closed well below pre­vi­ous range, although extend­ed below VWAP could see a rub­ber band move back up. Although no rever­sal yet. Price trad­ing a Wide QLo could see a con­tin­u­a­tion and even­tu­al­ly take out the swing low. Although with huge demand below, price could start reacting.

Dai­ly — Neutral

  • Price slow­ing down at MN/W1/D1 demand form­ing a weak Morn­ing Star
  • D1 QLo shar­ing the same lev­els as W1 QLo
  • Con­jec­ture: Due to the wide QLo price could see a con­tin­u­a­tion. Although, again price is trad­ing extend­ed below VWAP and per­haps there could be some kind of retrace­ment. More infor­ma­tion is needed.

Sen­ti­ment sum­ma­ry — Bearish

Addi­tion­al notes

  • N.A.

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling


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