24 May 20240524 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 21 Trad­ing Plan

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

Nar­ra­tive

D1

QHi reject­ed, price mid swing

Big bar down

H4

QHi reject­ed, price mid swing

H4 Morn­ing Star at W1 Demand HiDC

Trend

Trend is DOWN 2/3

Mar­ket Profile

Val­ue cre­at­ed below the previous

LN Open

Below Val­ue — Out­side Range

Large Imbal­ance

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — higher

IBR — Very Tight

Addi­tion­al Notes

N.A.

Hypo 1

Long

Sus­tained Auction

Hypo 2

Long

Rever­sal — Pos­si­ble Failed Auc­tion pos­si­ble continuation

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)

3

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

Lex­i­con

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