31 Jul 20230731 Premarket Prep Gold

⇧ Detailed Trad­ing Plan for Lon­don Ses­sion 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 31 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Price test­ing MN Sup­ply momen­tum lev­el cur­rent­ly with­in body

W1 price trading:

W1 Spin­ning Top at W1 VWAP in UT pos­si­ble CAR

Price trad­ing below body, with­in range

W1 QHi reject­ed, trad­ing mid swing

Nar­ra­tive

D1

D1 Inside Bar at D1 VWAP in UT pos­si­ble CAS / pos­si­bil­i­ty new D1 R

D1 QLo reject­ed, trad­ing mid swing

H4

H4 Bear Engulf giv­ing H4-C‑S 1958.857 mid swing com­ing from H4 QHi rejection

Trend

Trend is UP 2/3

Mar­ket Profile

Val­ue cre­at­ed below the previous

LN Open

0.05 x ASR- Above Val­ue — With­in Range

Mod­er­ate Imbalance

Prev. Day Exceed­ed ADR by 1.11

Asia trad­ed lower

0.25xAR Tight IBR

Addi­tion­al Notes

N.A.

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Val­ue Acceptance

Hypo 3

Long

Sus­tained Auction

Hypo 4

Short

Auc­tion Fade

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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