06 Jun 20240606 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
D1 RBR above QLo
H4
QLo rejected, price mid swing
Price took out D1 Supply during Asia
Trend
Mixed Trend
Market Profile
Value Overlapping the Previous for the 3rd day
LN Open
Above Value — Outside Range
Huge Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — higher
IBR — Normal
Additional Notes
Euro Area ECB Interest Rate Decision today
Hypo 1
Long
Reversal — Possible Failed Auction
Hypo 2
Short
Late-Sustained Auction
Hypo 3
Long
Auction Fade
Clarity / Confidence (1 — 5, low to high)
2
Mindful Trading (1–5 Bad to Good)
3
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