02 Nov 20231102 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 44 Trad­ing Plan

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

Nar­ra­tive

D1

Bear­ish Spin­ning Top with longer buy­ing wick test­ing D1 Demand HiDC, pos­si­ble base

H4

Some Phase 1 / 3 above H4 QLo

Trend

Trend is UP 2/3

Mar­ket Profile

Val­ue cre­at­ed below the pre­vi­ous, with­in over­all range

LN Open

Above Val­ue — With­in Range

Mod­er­ate Imbalance

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — sideways

IBR — Tight

Addi­tion­al Notes

Unit­ed States Fed Inter­est Rate Deci­sion yesterday

Hypo 1

Short

Val­ue Acceptance

Hypo 2

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 3

Long

Sus­tained Auc­tion — late-sus­tained pre­ferred due to congestion

Hypo 4

Long

Sus­tained Auction

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

Check me out on oth­er plat­forms as well:

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