Gold 2022 Week 46 Trading Plan - Bear Market Trader
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Gold 2022 Week 46 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

  • Pos­si­ble MN Phase 4
  • Price test­ed MN 50MA in UT and closed leav­ing a buy­ing wick
  • Con­jec­ture: Price failed to close below MN 50MA in UT but did close below pre­vi­ous range low. As there is no rever­sal yet and MN QLo as well as the 1600 right below price could see a con­tin­u­a­tion and test these levels. 
  • How­ev­er, price trad­ing at MN 50MA in UT could see buy­ers com­ing in although no rever­sal has print­ed yet.
  • Price start­ed react­ing off MN 50MA in UT and is cur­rent­ly trad­ing above body, above range

Week­ly — Bullish

  • W1 Bull Engulf with con­tin­u­a­tion clos­ing high­er just below W1-C‑S 1773.738 after tak­ing out W1 Base Demand Lev­el and return­ing to orig­i­nat­ing level.
  • Price closed above W1 VWAP in DT
  • Con­jec­ture: Break high­er from W1 Phase 1 although price failed to close with­in W1 Sup­ply and see a reaction. 

Dai­ly — Bullish

  • D1 RBR giv­ing D1-C‑D 1711.648 BASE lev­el tak­ing out D1 Supply
  • Price closed high­er with­in Wide D1 QHi
  • Con­jec­ture: Price trad­ing with­in D1 QHi could still be reac­tive and see sell­ers com­ing in
  • A Wide D1 QHi could see a con­tin­u­a­tion high­er to test D1 200MA (coin­cid­ing with D1 Sup­ply as well as the Round Num­ber 1800) in which case more sell­ing could come in. 

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

  • N.A. 

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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