20230629 Premarket Prep Gold

⇧ Detailed plan with HYPOS out­lined with­in link ⇧

#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 26 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Trad­ing below body and range test­ing MN demand HiDC

W1 price trading:

Trad­ing below body, below range after W1 VWAP in UT BD

W1 QHi reject­ed trad­ing mid swing

Nar­ra­tive

D1

Wide D1/W1 QHi reject­ed, price trad­ing mid swing

Price near­ing D1 200MA (1st touch)

H4

H4 Three Inside Down below H4 VWAP in DT giv­ing H4-C‑S 1909.713 with­in Val­ue at PPOC fol­lowed by a doji

Trend

Trend is DOWN 2/3

Mar­ket Profile

Val­ue cre­at­ed below the previous

LN Open

0.21 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia formed a Neu­tral Day but most­ly trad­ed lower

B TPO test­ed VAL

0.36xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Val­ue Accep­tance — risky with new­ly formed H4 sup­ply at PPOC poten­tial­ly a quick buffer trade

Hypo 3

Long

Failed Auc­tion

Hypo 4

Short

Late-Sus­tained Auction

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

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