09 Jan 20240109 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 2024 Week 2 Trad­ing Plan

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

Nar­ra­tive

D1

D1 Speed­bump and break low­er although leav­ing a longer buy­ing wick react­ing off D1 50MA UT

Price mid swing com­ing from D1 QHi rejection

H4

H4 Bull Engulf giv­ing H4-C‑D 2031.280 (right below VAH) not clos­ing con­fi­dent­ly above H4 QLo, price trad­ing with­in QLo at H4 200MA UT

Trend

Trend is UP 2/3

Mar­ket Profile

Wide val­ue cre­at­ed in DT

LN Open

Above Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — sideways

IBR — Normal

Addi­tion­al Notes

N.A.

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Val­ue Accep­tance / Late-Sus­tained Auction

Hypo 3

Short

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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