15 Aug 20240815 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 33 Trad­ing Plan

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

Nar­ra­tive

D1

Price trad­ing at QHi

D1 Three Inside Down at D1 Sup­ply clos­ing below D1 QHi giv­ing D1-C‑S 2465.46 Mom

H4

Price trad­ing with­in QHi

Big Bear Engulf clos­ing below Wide H4/D1 QHi but then formed some demand just below giv­ing H4-C‑D 2447.87 HiDC

Trend

Trend is UP 3/3

Mar­ket Profile

Val­ues in UT

LN Open

Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — sideways

IBR — Very Tight

M30 50MA / 200MA APEX nearing

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auc­tion to continuation

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)

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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