20 Jun 20230620 Premarket Prep Gold

#Fin­twit #XAUUSD #GOLD #VWAP #Kelt­ner #Mar­ket­Pro­file #Order­flow

⇧ More info with­in link ⇧

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 25 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Price trad­ing below body with­in range

Price test­ed MN demand HiDC

W1 price trading:

Price trad­ing below body with­in range

Price trad­ing at W1 VWAP in UT

W1 QHi reject­ed, price trad­ing mid swing

Nar­ra­tive

D1

Pos­si­ble D1 Phase 1 / 3

Price closed down giv­ing D1-C‑S 1956.831 at H4 QHi

Wide D1/W1 QHi reject­ed, price trad­ing mid swing

Price get­ting close to D1 Demand Momen­tum although no touch

H4

H4 QHi reject­ed, price trad­ing mid swing

Trend

Mixed Trend

Mar­ket Profile

Wide val­ue cre­at­ed below the pre­vi­ous back trad­ing with­in over­all range

LN Open

0.00 x ASR- With­in Value

Asia formed a Neu­tral Day but trad­ed lower

0.43xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Late-Sus­tained Auction

Hypo 3

Long

Failed Auc­tion

Hypo 4

Short

Late-Sus­tained Auction

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

1

Mind­ful Trad­ing (1–5 Bad to Good)

3

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