08 Nov 20231108 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 45 Trad­ing Plan

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

Nar­ra­tive

D1

D1 closed low­er with­in D1 Demand HiDC (and below VWAP UT) as a Hammer

H4

H4 Bull Engulf giv­ing H4-C‑D 1963.929 (with­in wide value)

Price did not con­tin­ue much high­er although did close above H4 QLo

Trend

Trend is UP 2/3

Mar­ket Profile

Wide Val­ue below over­all range

LN Open

With­in Value

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — lower

IBR — Very Tight

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Late-Sus­tained Auction

Hypo 3

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Long

Late-Sus­tained Auction

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

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