20230630 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

See more

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

D1 Pin­bar test­ing D1 200MA in UT (1st touch)

Price trad­ing mid swing

H4

H4 sup­ply test­ed and uphold with H4 Bear Engulf

Trend

Trend is DOWN 2/3

Mar­ket Profile

2 over­lap­ping values

LN Open

With­in Value

Prev. Day Exceed­ed ADR by 1.21

Asia formed a Neu­tral Day

0.24xASR Tight IBR

Addi­tion­al Notes

N.A.

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Late-Sus­tained Auction

Hypo 3

Long

Auc­tion Fade

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

• Twit­ter
• Insta­gram