09 Oct 20231009 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 41 Trad­ing Plan

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

Nar­ra­tive

D1

D1 Bull Engulf with longer buy­ing wick

Gap up over the weekend

H4

H4 Phase 1 and BO to Gap up, price con­sol­i­dat­ing at H4 UKC DT

Trend

Trend is DOWN 2/3

Mar­ket Profile

4‑day brack­et­ing range

LN Open

2.53 x ASR- Above Val­ue — Out­side Range

Huge Imbal­ance

Prev. Day Exceed­ed ADR by 1.46 (includ­ing week­end gap)

Asia trad­ed higher

0.42xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Long

Failed Auc­tion

Hypo 2

Long

Late-Sus­tained Auction

Hypo 3

Short

Auc­tion Fade

Hypo 4

Long

Auc­tion Fade

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

Check me out on oth­er plat­forms as well:

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