18 Jul 20240718 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 29 Trad­ing Plan

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

Nar­ra­tive

D1

No Q Swing

D1 Inside Bar at All-Time-High

H4

No Q Swing

H4 Sup­ply tak­en out and new sup­ply formed at H4-C‑S 2466.34

H4-C‑D 2459.11 HiDC at H4 VWAP UT TC and close with­in New Supply

Trend

Trend is UP 3/3

Mar­ket Profile

Val­ues in UT

LN Open

With­in Value

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — higher

IBR — Tight

Addi­tion­al Notes

ECB Inter­est Rate Decision(s) today

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Late-Sus­tained Auction

Hypo 3

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Long

Late-Sus­tained Auction

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

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

Lex­i­con

Check me out on oth­er plat­forms as well:

• Twit­ter
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