03 May 20240503 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 breakdown to consolidation at D1 UKC UT
H4
QLo rejected, price mid swing
Trend
Trend is UP 2/3
Market Profile
Value created above the previous
LN Open
Within Value
Prev. Day Exceeded ADR — Yes
Asia traded — sideways
IBR — Very Tight
Additional Notes
Non-Farm Payroll today
Hypo 1
Short
Reversal — Possible Failed Auction possibility for 3‑I Day
Hypo 2
Long
Reversal — Possible Failed Auction
Hypo 3
Short
Late-Sustained Auction Value Rejection
Hypo 4
Long
Auction Fade as part of 3‑I Day
Clarity / Confidence (1 — 5, low to high)
2
Mindful Trading (1–5 Bad to Good)
3
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