05 Jul 20230705 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

Price trad­ing with­in body, with­in demand

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

Price closed high­er although still trad­ing below D1 VWAP in DT

Wide D1/W1 QHi reject­ed, price trad­ing mid swing

H4

Price closed below H4 QHi

Pos­si­ble 2nd test H4 VWAP in DT BO to CAS coin­cid­ing with old H4-C‑D 1921.377 HiDC

Trend

Mixed Trend

Mar­ket Profile

Val­ues in UT

LN Open

0.37 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia formed a Neu­tral Day but trad­ed lower

0.48xASR IBR

B TPO accept­ed val­ue although coin­cid­ing with H4 QHi

Addi­tion­al Notes

N.A.

Hypo 1

Long

Val­ue Acceptance

Hypo 2

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 3

Long

Strength From With­in IBR — For­ward-test­ing the­sis as cri­te­ria is not met

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

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