13 Jun 20230613 Premarket Prep Gold

#Fin­twit #XAUUSD #GOLD #VWAP #Kelt­ner #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 24 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Below Body — With­in Range 

W1 price trading:

Above Body — With­in Range — Trad­ing at W1 VWAP in UT

Nar­ra­tive

• D1
  • Pos­si­ble D1 Phase 1 / 3
  • Price prob­ing above D1 VWAP in UT although hasn’t closed above (yet)
• H4
  • Trad­ing in range
• Trend
  • Mixed Trend
• Mar­ket Profile 
  • 2 over­lap­ping val­ues with­in over­all range
• LN Open
  • 0.00 x ASR- With­in Value
  • Asia trad­ed higher
  • 0.24xASR Tight IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion — Pos­si­ble 3‑I day
• Hypo 2
  • Short
  • Auc­tion Fade After FA in line with 3‑I Day
• Hypo 3
  • Short
  • Late-Sus­tained Auction

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

• 1

Mind­ful Trad­ing (1–5 Bad to Good)

• 3

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram