26 Mar 20240326 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 13 Trad­ing Plan

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

Nar­ra­tive

D1

No Q swing

Price closed slight­ly high­er and test­ed new­ly formed D1-C‑S 2181.323 once

Price still trad­ing above D1 VWAP UT

H4

Price trad­ing at QLo

D1 Phase 1 / 3 above QLo

Trend

Trend is UP 3/3

Mar­ket Profile

Val­ue Over­lap­ping the Previous

LN Open

Above Val­ue — With­in Range

Mod­er­ate Imbalance

Prev. Day Exceed­ed ADR — No

Asia trad­ed — lower

IBR — Normal

Addi­tion­al Notes

N.A.

Hypo 1

Long

Sus­tained Auction

Hypo 2

Short

Val­ue Acceptance

Hypo 3

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Short

Auc­tion Fade

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

3

Mind­ful Trad­ing (1–5 Bad to Good)

3

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

Lex­i­con

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