29 Apr 20240429 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
No Q Swing
Price trading between Supply and D1 Demand HiDC
H4
QHi rejected, price mid swing
Price nearing QHi
Trend
Trend is UP 2/3
Market Profile
Values in UT
LN Open
Below Value — Outside Range
Moderate to Large Imbalance
Prev. Day Exceeded ADR — No
Asia traded — sideways
IBR — Normal
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Late-Sustained Auction
Hypo 3
Short
Auction Fade
Clarity / Confidence (1 — 5, low to high)
2
Mindful Trading (1–5 Bad to Good)
2
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