05 Jun 20240605 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
Price trading at QLo
D1 Bearish Inside Bar, possible consolidation
H4
QLo rejected, price mid swing
H4 RBR
Trend
Trend is DOWN 2/3
Market Profile
Value Overlapping the Previous
Wide Value
LN Open
Within Value
Prev. Day Exceeded ADR — Yes
Asia traded — higher
IBR — Tight
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction — Possible 3‑I Day
Hypo 2
Long
Reversal — Possible Failed Auction — Possible 3‑I Day
Hypo 3
Long
Late-Sustained Auction
Hypo 4
Short
Auction Fade
Clarity / Confidence (1 — 5, low to high)
2
Mindful Trading (1–5 Bad to Good)
3
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