19 Oct 20231019 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 42 Trad­ing Plan

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

Nar­ra­tive

D1

Sup­plies tak­en out then test­ed W1-C‑S 1959.303

H4

Some price fal­ter­ing after sup­plies got tak­en out

Price trad­ing with­in WIde H4/D1 QHi

Trend

Trend is UP 3/3

Mar­ket Profile

Val­ues in UT

LN Open

0.19 x ASR- Above Val­ue — With­in Range

Mod­er­ate Imbalance

Prev. Day Exceed­ed ADR by 1.63

Asia trad­ed lower

0.34xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Long

Sus­tained Auc­tion — pos­si­ble low ini­tia­tive activ­i­ty with con­ges­tion in the way

Hypo 2

Short

Val­ue Acceptance

Hypo 3

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Short

Rever­sal — Pos­si­ble Failed Auction

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

3

Mind­ful Trad­ing (1–5 Bad to Good)

1 sick

Don’t know what all the abbre­vi­a­tions are? Check out my lexicon:

Lex­i­con

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