![](https://www.bearmarkettrader.com/wp-content/uploads/2024/06/20240618-Gold-Premarket-Prep.jpg?v=1718697560)
18 Jun 20240618 Premarket Prep Gold
⇧ Detailed Trading Plan for London Session with HYPOS outlined within link ⇧
#Fintwit #XAUUSD #GOLD #VWAP #Keltner #MarketProfile #Orderflow
![](https://www.bearmarkettrader.com/wp-content/uploads/2024/06/20240618-Gold-Premarket-Prep-1024x773.jpg?v=1718697560)
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
Wide QLo
Price closed as a Bearish Hammer
H4
QHi rejected, price mid swing
Consolidation below QHi
Trend
Trend is DOWN 2/3
Market Profile
Bracketing Range 4‑day
LN Open
Within Value
Prev. Day Exceeded ADR — No
Asia traded — sideways
IBR — Tight
Additional Notes
N.A.
Hypo 1
Long
Reversal — Possible Failed Auction
Hypo 2
Short
Late-Sustained Auction
Hypo 3
Short
Reversal — Possible Failed Auction
Hypo 4
Long
Reversal — Possible Failed 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:
No Comments