28 Jun 20240628 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 within QLo
Wide QLo
D1 Bull Engulf closing within D1 Supply LiDC but failing to close above D1 QLo
New demand at VAH
Possible D1 Phase 1 / 3
H4
Price trading within QHi
Price closed back within QHi giving H‑C-D 2326.83 HiDC
Trend
Mixed Trend
Market Profile
Value Overlapping the Previous
Wide Value
LN Open
Above Value — Outside Range
Moderate to Large Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — sideways
IBR — Tight
Additional Notes
N.A.
Hypo 1
Long
Reversal — Possible Failed Auction
Hypo 2
Long
Late-Sustained Auction preferred
Hypo 3
Short
Auction Fade
Hypo 4
Short
Late-Sustained Auction
Clarity / Confidence (1 — 5, low to high)
1
Mindful Trading (1–5 Bad to Good)
3
Don’t know what all the abbreviations are? Check out my lexicon:
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