23 Aug 20240823 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
No Q Swing
H4
QHi rejected, price mid swing
Some demand at H4 50MA UT giving H4-C‑D 2482.07
Trend
Trend is UP 2/3
Market Profile
Value Overlapping the Previous
LN Open
Below Value — Outside Range
Moderate to Large Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — higher
IBR — Very Tight
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction possible 3‑I day
Hypo 2
Long
Late-Sustained Auction would need to take out supply right above
Hypo 3
Short
Auction Fade
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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