20 Nov 20241120 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 47 Trad­ing Plan

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

Nar­ra­tive

D1

QHi reject­ed, price mid swing

Price closed high­er although short­er range still trad­ing at D1 LKC 

H4

QLo reject­ed, price mid swing

Price see­ing some slow­down above H4 UKC DT

H4 Bear engulf formed dur­ing pre­mar­ket giv­ing H4-C‑S 2634.84 (with­in Val­ue at PPOC)

Trend

Mixed Trend

Mar­ket Profile

Val­ues in UT

LN Open

Below Val­ue — With­in Range

Mod­er­ate Imbalance

Prev. Day Exceed­ed ADR — No

Asia trad­ed — lower

IBR — Very Tight

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Val­ue Acceptance

Hypo 3

Short

Sus­tained 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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