Gold 2022 Week 51 Trading Plan - Bear Market Trader
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Gold 2022 Week 51 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 over­all range and could see the over­all range stay intact for now

Week­ly — Neutral

  • Price made a HH but then closed slight­ly low­er leav­ing a slight­ly longer sell­ing wick react­ing off Wide W1 QHi
  • Price trad­ing at W1 50MA
  • Con­jec­ture: Price had its first touch of W1 QHi and start­ed react­ing leav­ing a longer sell­ing wick indi­cat­ing sell­ers com­ing in. How­ev­er price did not close con­fi­dent­ly low­er as it left a long buy­ing wick and could be a mere speed­bump. With a Wide QHi price could probe deep­er with­in QHi.
  • If price retraces to W1-C‑D 1754.457 price could see a con­tin­u­a­tion. How­ev­er, with W1 VWAP creep­ing below there might be some more buy­ers com­ing in. 

Dai­ly — Neutral

  • Pos­si­ble D1 Phase 1 / 3
  • D1 Bull­ish Inside Bar at D1 VWAP in UT after a D1 Three Inside Down reject­ed Wide W1/D1 QHi giv­ing D1-C‑S 1807.532 Momentum
  • Price trad­ing around Round. No. 1800
  • Con­jec­ture: Price failed to fol­low-through on the D1 Three Inside Down and instead formed a Bull­ish Inside Bar (pos­si­ble profit-taking). 
  • If price retraces to D1-C‑S 1807.532 Momen­tum, price could see a con­tin­u­a­tion high­er form­ing a D1 Three Inside Up.
  • D1 VWAP in UT hit­ting an apex with D1 200MA in DT could see a Break Out/Down

Sen­ti­ment sum­ma­ry — Neutral

Addi­tion­al notes

  • N.A. 

Focus Points for trad­ing development

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


Day trader. Tech geek. Sim Racing Enthusiast.

  • juan l.
    Posted at 17:07h, 18 December

    Good week­end Sir, Are you watch­ing the FIFA world cup ? I would but trad­ing is con­sum­ing me right now

    I’m pret­ty hap­py, because i did my week­ly trad­ing trad­ing plan before look­ing at yours and its kind of similar.

    1. On the dai­ly chart, the three inside down that reject­ed W/Qhi, isn’t more of an evening star since the close of the sec­ond candle
    isn’t more than 50% ?

    2. Do you account for the Quar­ter­ly Sup­ply Zone that is cur­rent­ly being reject­ed ? I don’t see that in your analysis. 

    3. Did you notice the pos­si­ble month­ly dis­tri­b­u­tion ? or what do you see ?


  • T3chAddict
    Posted at 08:45h, 19 December

    I did not fol­low much of it. I watched a few games. I did watch the final last night. What a game. Hence I won’t be trad­ing today 🙂

    1. Prefer­ably you want the sec­ond can­dle to be a Bullish/Bearish Inside Bar ie.. over the 50% mark of the pre­cedign can­dle but you can’t always get that.
    2. I do not
    3. What do you mean by month­ly dis­tri­b­u­tion? I wrote down what I saw.

  • juan l.
    Posted at 09:49h, 19 December

    3. Phase 3 on a month­ly chart

  • T3chAddict
    Posted at 10:04h, 19 December

    yes. I wrote down “Price closed back with­in over­all range and could see the over­all range stay intact for now”. Hav­ing said that the last 3–5 can­dles are usu­al­ly the most impor­tant in terms of price action. Unless price is hit­ting a SD zone.

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