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26 Jul 20240726 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 closed deep within D1 QLo slightly within D1 demand (coinciding with D1 50MA R)
H4
Price trading within QLo
H4 Three Inside Up at 200MA R/ H4/D1 Demand failing to close above Wide D1/H4 QLo but did close within H‑C-S 2372.09 LiDC (within Value) proceeding to form an Inside Bar
Trend
Trend is UP 2/3
Market Profile
Value created below the previous
LN Open
Below Value — Within Range ambiguous open
Moderate Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — higher
IBR — Tight
A and B TPO accepted value
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Value Acceptance — Risky with two Bear Engulfs within Value. If scenario plays out try a potential continuation play in the form of LSA
Hypo 3
Short
Sustained Auction — careful with D1 demand below
Hypo 4
Long
Auction Fade
Clarity / Confidence (1 — 5, low to high)
2
Mindful Trading (1–5 Bad to Good)
3
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