05 Oct 20231005 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 40 Trad­ing Plan

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

Nar­ra­tive

D1

D1 Doji with slight­ly longer sell­ing wick

H4

Mul­ti­ple tests OLD H4 Sup­ply LiDC 

H4 Bear Engulf at H4 VWAP in DT formed in premarket

Trend

Trend is DOWN 2/3

Mar­ket Profile

Wide val­ue over­lap­ping the previous

LN Open

0.00 x ASR- With­in Value

Asia trad­ed high­er, F lower

0.29xASR IBR

B TPO closed below VAL

Addi­tion­al Notes

NFP tomor­row

Hypo 1

Short

Late-Sus­tained Auction

Hypo 2

Long

Failed Auc­tion

Hypo 3

Short

Failed Auc­tion

Hypo 4

Long

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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