Bear Market Trader | XAUUSD - Week 26 Trading Plan
Trade plan, trading plan, weekly trading plan, XAUUSD, XAU USD, commodities, Forex, day trade, day trading,
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XAUUSD — Week 26 Trading Plan

XAUUSD — Week 26 Trading Plan

This is my week­ly out­look on the Forex pair XAUUSD. Basi­cal­ly the lev­els that I will be look­ing at where it has 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 mar­ket pro­file. I hope that makes sense. If not, please 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 — Slight­ly bullish

  • Price trad­ing with­in Month­ly sup­ply (MN-C‑S 1623.299) from back 2012 and with­in Q1 QHi. This hap­pened after a con­sol­i­da­tion below this lev­el with strong bull engulf (form­ing new MN-C‑D 1590.825 NEW) into the supply.
  • Price has been trad­ing up with pre­vi­ous month short­er than the one pre­ced­ing that

Week­ly — Slight­ly Bullish

  • Ini­tial rejec­tion of Q1/MN/W1 QHi fol­lowed by V‑shaped recov­ery (@ VWAP/UKC) push­ing price high­er into sup­ply tak­ing out pre­vi­ous sup­plies and form­ing new demand W1-C‑D 1729.654
  • Pos­si­ble Phase 3 or redis­tri­b­u­tion under week­ly sup­ply W1-C‑S 1752.719 with­in MN1 QHi
  • Price above VWAP and UKC

Dai­ly — Neutral

  • Price in a range
  • DBD into D1-C‑D 1690.946 with imme­di­ate rejec­tion (V) into sup­ply fol­lowed con­sol­i­da­tion that formed new demand D1-C‑D 1726.700 NEW
  • Bull engulf break­ing con­sol­i­da­tion into pre­vi­ous sup­ply at D1-C‑S 1733.941

H4 — Slight­ly Bullish

  • New­ly formed demand H4-C‑D 1725.015 NEW after reject­ing exist­ing demand H4-C‑D 1725.015 fol­lowed by H4-C‑D 1730.334 RBR
  • Price reached D1 QHi after a long peri­od of redis­tri­b­u­tion but hasn’t bro­ken it yet and H4 sup­ply over­head with H4-C‑S 1747.264 still strong

Mar­ket Profile

  • Val­ue areas over­lap­ping with a slight increase in bull­ish sentiment. 

Sen­ti­ment sum­ma­ry — Neutral

  • The dai­ly is still with­in a range so will need to gauge intra­day sen­ti­ment for more clues on direc­tion. I can see short to medi­um term be more bear­ish and bull­ish on the slight­ly longer term due to the week­ly price action

ZOIs for Pos­si­ble Shorts

  • D1-C‑S 1733.941
  • H4-C‑S 1747.264
  • W1-C‑S 1752.719

ZOIs for Pos­si­ble Long

  • H4-C‑D 1730.334 RBR
  • D1-C‑D 1726.700
  • H4-C‑D 1725.015 NEW
  • H4-C‑D 1725.015
  • D1-C‑D 1696.883
  • D1-C‑D 1690.946
  • MN-C‑D 1590.825 NEW


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