14 Dec 20231214 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 50 Trad­ing Plan

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

Nar­ra­tive

D1

Big  Morn­ing Star clos­ing above and tak­ing out pre­vi­ous base sup­ply lev­el and reject­ing QLo

H4

Some con­sol­i­da­tion with­in Wide H4 QLo

Trend

Trend is UP 3/3

Mar­ket Profile

Val­ue cre­at­ed below the previous

LN Open

Above Val­ue — Out­side Range

Huge Imbal­ance

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — sideways

IBR — Normal

Addi­tion­al Notes

BOE + ECB Inter­est Rate Deci­sion today

Hypo 1

Long

Sus­tained Auction

Hypo 2

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 3

Short

Late-Sus­tained Auction

Hypo 4

Short

Auc­tion Fade

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

4

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

Lex­i­con

Check me out on oth­er plat­forms as well:

• Twit­ter
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