27 Aug 20240827 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 35 Trad­ing Plan

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

Nar­ra­tive

D1

No Q Swing

Price came close to take out Sup­ply but closed leav­ing a sell­ing wick indi­cat­ing a pos­si­ble lack of momentum

H4

QHi reject­ed, price mid swing

H4 Bull­ish Inside Bar fail­ing to close with­in QHi, pos­si­ble Base Supply

Trend

Trend is UP 3/3

Mar­ket Profile

Val­ue cre­at­ed above the previous

LN Open

Below Val­ue — With­in Range

Mod­er­ate Imbalance

Prev. Day Exceed­ed ADR — No

Asia trad­ed — lower

IBR — Normal

Addi­tion­al Notes

N.A.

Hypo 1

Short

Sus­tained Auc­tion, prefer­ably clear the LTF demand at yesterday’s low

Hypo 2

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 3

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Long

Auc­tion Fade

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

2

Mind­ful Trad­ing (1–5 Bad to Good)

2

Don’t know what all the abbre­vi­a­tions are? Check out my lexicon:

Lex­i­con

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