24 Jul 20240724 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 at QLo
D1 Bullish Inside Bar above QLo coinciding with D1 VWAP UT
H4
QHi rejected, price mid swing
H1 Phase 1 at H4 VWAP DT and break above giving H4-C‑D 2395.32 above H4/D1 QLo
Trend
Trend is UP 3/3
Market Profile
Value Overlapping the Previous
Wide Value
LN Open
Above Value — Outside Range
Large Imbalance
Prev. Day Exceeded ADR — No
Asia traded — higher
IBR — Normal
Yesterday high coinciding with session high
Additional Notes
N.A.
Hypo 1
Long
Reversal — Possible Failed Auction
Hypo 2
Short
Value Acceptance
Hypo 3
Long
Late-Sustained Auction
Hypo 4
Short
Auction Fade
Clarity / Confidence (1 — 5, low to high)
2
Mindful Trading (1–5 Bad to Good)
3
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