06 Jul 20230706 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 with­in body

W1 QHi reject­ed, price trad­ing mid swing

Nar­ra­tive

D1

Price took out D1 Sup­ply but then formed a Bear Engulf giv­ing D1-C‑S 1920.992 (D1 VWAP in DT TC)

Price still trad­ing above D1 demand at D1 200MA in UT coin­cid­ing with round num­ber of 1900

H4

H4 THree Out­side Down fol­lowed by a pull­back to new­ly formed supply

H4 QLo reject­ed, price trad­ing mid swing

Trend

Mixed Trend

Mar­ket Profile

2 over­lap­ping values

LN Open

0.43 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Open at D1-C‑S 1920.992

Asia trad­ed higher

Prev. Day Exceed­ed ADR by 1.29

0.17xASR Very Tight IBR

Addi­tion­al Notes

NFP tomor­row

Hypo 1

Short

Late-Sus­tained Auction

Hypo 2

Long

Rever­sal — Pos­si­ble Failed Auc­tion to SA

Hypo 3

Short

Rever­sal — pos­si­ble Auc­tion Fade

Hypo 4

Long

Auc­tion Fade

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

1

Mind­ful Trad­ing (1–5 Bad to Good)

2

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