10 Jan 20240110 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:
The purpose of a premarket prep is to find setups within my weekly trade plan bias
Narrative
D1
Price closed as a Doji with longer selling wick above D1 50MA DT
H4
Possible H4 Phase 1 / 3 within H4 QLO, within H4 demand
Trend
Trend is UP 2/3
Market Profile
Value created above the previous
LN Open
Below Value — Outside Range
Moderate to Large Imbalance
Prev. Day Exceeded ADR — No
Asia traded — lower
IBR — Normal
Additional Notes
N.A.
Hypo 1
Long
Value Acceptance
Hypo 2
Short
Reversal — Possible Failed Auction
Hypo 3
Long
Late-Sustained Auction
Hypo 4
Short
Auction Fade
Clarity / Confidence (1 — 5, low to high)
2
Mindful Trading (1–5 Bad to Good)
2
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