12 Oct 20231012 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 RBR giv­ing D1-C‑D 1861.343 BASE clos­ing slight­ly above D1 VWAP in DT and W1/D1 QLo

H4

H4 closed high­er tak­ing out H4 QHi estab­lish­ing new

Trend

Trend is DOWN 2/3

Mar­ket Profile

Wide val­ue cre­at­ed in UT

LN Open

0.76 x ASR- Above Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Prev. Day Exceed­ed ADR by 1.22

Asia trad­ed higher

0.36xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Late-Sus­tained Auction

Hypo 2

Long

Failed Auc­tion

Hypo 3

Long

Auc­tion Fade

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

2

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:

• Twit­ter
• Insta­gram