04 Jul 20230704 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 27 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

MN Three Out­side Down giv­ing MN-C‑S 1965.506 Momen­tum clos­ing with­in MN demand HiDC

W1 price trading:

W1 VWAP in UT BD

Last week closed as a W1 Ham­mer, price trad­ing above body, with­in range

W1 QHi reject­ed, price trad­ing mid swing

Nar­ra­tive

D1

D1 Spin­ning Top with equal long wicks

Trad­ing below D1 VWAP/LKC in DT

Wide D1/W1 QHi reject­ed, price trad­ing mid swing

1st touch of D1 200MA in UT

H4

Price trad­ing at H4 QHi coin­cid­ing with H4 UKC in DT and D1 Supply

Trend

Mixed Trend

Mar­ket Profile

Val­ue cre­at­ed above the previous 

LN Open

0.94 x ASR- Above Val­ue — Out­side Range

Large Imbal­ance

Prev. Day Exceed­ed ADR by 1.28

Asia trad­ed higher

0.17xASR Tight IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Late-Sus­tained Auc­tion due to Tight IBR

Hypo 2

Long

Failed Auc­tion to Sus­tained Auction

Hypo 3

Long

Auc­tion Fade

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

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