11 Jan 20240111 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
QHo rejected, price mid swing
Price trading at D1 50MA UT
H4
Price trading within Wide QLo @ H4-C‑S 2034.880 LiDC coinciding with H4 200MA UT
Trend
Trend is UP 2/3
Market Profile
Value Overlapping the Previous
LN Open
Within Value
Prev. Day Exceeded ADR — No
Asia traded — higher
IBR -
Additional Notes
N.A.
Hypo 1
Long
Reversal — Possible Failed Auction
Hypo 2
Short
Late-Sustained Auction
Hypo 3
Short
Reversal — Possible Failed Auction
Hypo 4
Long
Reversal
Clarity / Confidence (1 — 5, low to high)
2
Mindful Trading (1–5 Bad to Good)
2
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