Gold 2022 Week 49 Trading Plan - Bear Market Trader
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Gold 2022 Week 49 Trading Plan

#Fin­twit #XAUUSD #GOLD #Mar­ket­Pro­file #Order­flow #Trad­ing­Plan

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. 

Month­ly — Bullish

  • MN Bull Engulf at MN 50MA in UT giv­ing MN-C‑D 1664.995 just above MN QLo (no touch)
  • Price cur­rent­ly trad­ing above body, out­side range, test­ing MN VWAP
  • Con­jec­ture: After a for­ma­tion of a Bull Engulf there might be a retrace­ment to new­ly formed MN demand (2nd Chance entry move)
  • MN VWAP could turn into a CAR as price did ini­tial­ly close below pre­vi­ous range low and failed to test MN QLo
  • Price closed back with­in range and could see the over­all range stay intact for now

Week­ly — Bullish

  • W1 QLo reject­ed and price is near­ing W1 QHi coin­cid­ing with W1 50MA in R
  • Price closed high­er (after some accu­mu­la­tion due to W1 VWAP in DT BO) deep with­in W1 Sup­ply test­ing round num­ber of 1800
  • Con­jec­ture: As hypoth­e­sized in last week’s plan the accu­mu­la­tion after W1 VWAP in DT BO fol­lowed-through and closed high­er indi­cat­ing a pos­si­ble push to take out W1 Supply. 
  • Sell­ers might step in after W1 Sup­ply gets popped as it coin­cides with W1 QHi
  • Trad­ing at round num­ber of 1800 might see sell­ers come in
  • Wide W1 QHi could see a push high­er towards W1-C‑S 1852.087 before sell­ers start reacting

Dai­ly — Bullish

  • Price closed high­er with­in Wide D1 QHi and D1-C‑S 1791.549 almost tak­ing it out, then closed as a Hammer
  • Price is trad­ing at D1 200MA coin­cid­ing with Round num­ber 1800
  • Con­jec­ture: Almost tak­ing out W1/D1 Sup­ply as well Wide D1 QHi clos­ing with a D1 Ham­mer could see a con­tin­u­a­tion tak­ing these lev­els out. Even if these lev­els get tak­en out there is more con­ges­tion right above and could see sell­ers come in.
  • Trad­ing at D1 200MA could see sell­ers come in

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

  • N.A. 

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling
    • 1st DTTZ Gold
    • 2nd DTTZ DAX


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juan l.

hey T3ch addict, thanks for this blog. I just start­ed the mar­ket stalk­er sil­ver­plus pro­gram. I’ve been trad­ing for a year and a half. Any suggestions/tips ?

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