13 May 20240513 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
QLo rejected, price mid swing
H4
QLo rejected, price mid swing
New supply within W1 Supply price trading lower
Trend
Trend is UP 3/3
Market Profile
Value created above the previous
LN Open
Below Value — Outside Range
Large Imbalance
Prev. Day Exceeded ADR — No
Asia traded — lower
IBR — Tight
Additional Notes
N.A.
Hypo 1
Long
Sustained Auction
Hypo 2
Short
Reversal — Possible Failed Auction
Hypo 3
Short
Auction Fade
Hypo 4
Short
Late-Sustained Auction
Clarity / Confidence (1 — 5, low to high)
2
Mindful Trading (1–5 Bad to Good)
1
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