20230411 Premarket Prep Gold

#Fin­twit #XAUUSD #GOLD #Mar­ket­Pro­file #Order­flow

This is my pre­mar­ket prep for today’s Euro­pean ses­sion for GOLD. This prep builds off of my week­ly trade plan I made here:

Gold 2023 Week 15 Trad­ing Plan

See more

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

• MN
  • Price made a HH, cur­rent­ly trad­ing above body, with­in range, with­in MN Sup­ply, with­in MN QHi
• W1
  • Price trad­ing with­in body, with­in W1 Sup­ply, with­in W1 QHi

Nar­ra­tive

• D1
  • D1 Evening Star with fol­low-through came close to D1 VWAP in UT
  • D1 Sup­ply formed at Round No. giv­ing D1-C‑S 2001.079 BASE
• H4
  • H4 DBD giv­ing H4-C‑S 1995.789
  • H4 demand cre­at­ed react­ing off H4 50MA in UT giv­ing H4-C‑D 1990.363
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • VA in DT
• LN Open
  • Asia formed a Neu­tral Day but most­ly trad­ed high­er test­ing 2000 again
  • Open With­in Value
  • 0.39xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion, pos­si­ble 3‑I day
• Hypo 2
  • Long
  • Strength From With­in IBR
• Hypo 3
  • Long
  • Failed Auc­tion
• Hypo 4
  • Short
  • Rever­sal, pos­si­ble Auc­tion Fade

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 1

Mind­ful Trad­ing (lack of sleep?)

• Still feel­ing a bit under the weather
• Not going to take riski­er trades
• I will focus on the 2nd DTTZ
• Most­ly observe and take notes

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram