14 Jul 20230714 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 near­ing new­ly formed MN Supply

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

Price closed slight­ly high­er with slight­ly longer buy­ing wick

Price with­in D1 Sup­ply, near­ing D1 UKC in DT

Price trad­ing mid D1/W1 swing

H4

Price trad­ing with­in Wide H4 QHi

Pre­mar­ket formed a H4 Bear Engulf with­in WIde H4 QHi

Trend

Mixed Trend

Mar­ket Profile

Val­ue cre­at­ed above the previous

LN Open

0.17 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia trad­ed lower

0.23xASR Tight IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auc­tion to pos­si­ble SA

Hypo 2

Long

Val­ue Acceptance

Hypo 3

Long

Rever­sal FT vari­ant to Hypo 1, pos­si­ble Auc­tion Fade a la 3‑I day

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

2

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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