17 Jul 20230717 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 29 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Price trad­ing with­in body retrac­ing to new­ly formed MN Sup­ply Momen­tum level

W1 price trading:

Price closed high­er although fail­ing to close with­in W1 Sup­ply or above W1 VWAP in UT

W1 QHi reject­ed, price mid swing

Nar­ra­tive

D1

Weak D1 Bear Engulf at W1 Supply

W1/D1 QHi reject­ed, price mid swing

H4

Price trad­ing with­in Wide H4 QHi

Trend

Mixed Trend

Mar­ket Profile

Val­ue cre­at­ed below the previous

LN Open

0.14 x ASR- Below Val­ue — Out­side Range just above pre­vi­ous day’s high

Mod­er­ate to Large Imbalance

Asia trad­ed sideways

0.34xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Late-Sus­tained Auc­tion mon­i­tor for risky VAA

Hypo 3

Short

Late-Sus­tained Auction

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

1

Mind­ful Trad­ing (1–5 Bad to Good)

2

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

Lex­i­con

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