20241125 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 48 Trad­ing Plan

See more

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

Nar­ra­tive

D1

QLo reject­ed, price mid swing

Price start­ed react­ing below D1 UKC R with QHi above

H4

No Q Swing

Huge Bear Engulf giv­ing H4-C‑S 2713.25

Price trad­ing at H4 VWAP UT (coin­cid­ing with inside Wide W1 QHi)

Trend

Trend is DOWN 2/3

Mar­ket Profile

Val­ues in UT

LN Open

Below Val­ue — Out­side Range

Large to Huge Imbalance

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — lower

IBR — Tight

ADR exhaust­ed dur­ing AS

Addi­tion­al Notes

N.A.

Hypo 1

Long

Sus­tained Auction

Hypo 2

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 3

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Short

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

See more

Check me out on oth­er plat­forms as well:

• Twit­ter
• Insta­gram