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12 Jun 20240612 Premarket Prep Gold
⇧ Detailed Trading Plan for London Session with HYPOS outlined within link ⇧
#Fintwit #XAUUSD #GOLD #VWAP #Keltner #MarketProfile #Orderflow
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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 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:
Check me out on other platforms as well:
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