10 Sep 20240910 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
Phase 1 / 3 continued
H4
QLo rejected, price mid swing
H4 Bear Engulf at W1 Supply and potential base although supply got taken out during IB
Trend
Trend is UP 2/3
Market Profile
Value created below the previous
Within overall range
LN Open
Above Value — Outside Range
Moderate to Large Imbalance
Prev. Day Exceeded ADR — No
Asia traded — lower
IBR — Very Tight
Additional Notes
N.A.
Hypo 1
Long
Reversal — Possible Failed Auction
Hypo 2
Short
Late-Sustained Auction
Hypo 3
Long
Auction Fade
Clarity / Confidence (1 — 5, low to high)
2
Mindful Trading (1–5 Bad to Good)
2
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