12 Jun 20240612 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 24 Trad­ing Plan

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

Nar­ra­tive

D1

Price trad­ing with­in QLo

Price failed to close above D1 QLo

H4

Price trad­ing with­in QLo

Wide D1/H4 QLo

H4 con­sol­i­da­tion at H4 VWAP DT

Trend

Trend is DOWN 2/3

Mar­ket Profile

Val­ue cre­at­ed above the previous

LN Open

Above Val­ue — With­in Range

Mod­er­ate Imbalance

Prev. Day Exceed­ed ADR — No

Asia trad­ed — higher

IBR — Very Tight

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auc­tion pos­si­ble con­tin­u­a­tion, mon­i­tor for VAA

Hypo 2

Long

Late-Sus­tained Auc­tion preferred

Hypo 3

Long

Rever­sal pos­si­ble short term rever­sal at val­ue edge

Hypo 4

Long

Sus­tained Auction

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

2

Mind­ful Trad­ing (1–5 Bad to Good)

2

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

Lex­i­con

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