13 Jul 20230713 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 28 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 clos­ing with­in demand

With­in Body — Price see­ing a retracement

W1 price trading:

Weak Bull Engulf with longer buy­ing wick at W1 UKC in UT

Above Body — Above Range — Pos­si­ble W1 VWAP in UT BD to CAR

Nar­ra­tive

D1

D1 closed high­er above D1 50MA in DT at D1 Supply

Wide D1/W1 QHi reject­ed, price trad­ing mid swing

H4

Price closed deep with­in Wide H4 QHi

Some slow­down in price giv­ing H4-C‑D 1957.690 HiDC right at D1 Supply

Trend

Mixed Trend

Mar­ket Profile

2 over­lap­ping val­ues above over­all range

LN Open

1.84 x ASR- Above Val­ue — Out­side Range

Huge Imbal­ance

Prev. Day Exceed­ed ADR by 1.62

Asia formed a Neu­tral Day

0.28xASR Tight IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auc­tion — mon­i­tor for SA

Hypo 2

Long

Sus­tained Auc­tion — Late-Sus­tained Auc­tion preferred

Hypo 3

Long

Failed Auc­tion to SA

Hypo 4

Short

Late-Sus­tained Auction

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

3

Mind­ful Trad­ing (1–5 Bad to Good)

3

Don’t know what all the abbre­vi­a­tions are? Check out my lexicon:

Lex­i­con

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