09 Aug 20240809 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 32 Trad­ing Plan

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

Nar­ra­tive

D1

QLo reject­ed, price mid swing through big Bull Engulf giv­ing H4-C‑D 2388.34

H4

QLo reject­ed, price mid swing

Some slow­down below QHi

Trend

Trend is UP 3/3

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

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Late-Sus­tained Auction

Hypo 3

Short

Late-Sus­tained Auction

Hypo 4

Short

Auc­tion Fade

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:

Lex­i­con

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