20230720 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

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

Larg­er Timeframe

MN price trading:

Price retraced to new­ly formed MN Sup­ply Momen­tum level

W1 price trading:

Price took out W1-C‑S 1957.540

W1 QHi reject­ed, price trad­ing mid swing

Nar­ra­tive

D1

D1 Ham­mer fol­lowed by price tak­ing out D1 Sup­ply see­ing some reac­tion after sup­ply got popped

D1 QLo reject­ed, price trad­ing mid swing

H4

H4 RBR tak­ing out D1 Sup­ply fol­lowed by a Bear­ish Inside Bar

Wide H4/D1 QLo reject­ed, price trad­ing mid swing

Trend

Trend is UP 3/3

Mar­ket Profile

Val­ues in UT

LN Open

0.09 x ASR- Above Val­ue — With­in Range

Mod­er­ate Imbalance

LN wider than NY

Asia trad­ed higher

0.35xASR IBR

B TPO accept­ed value

Addi­tion­al Notes

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Val­ue Acceptance

Hypo 3

Long

Sus­tained Auction

Hypo 4

Short

Rever­sal

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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