06 Jan 20250106 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
QLo rejected, price mid swing
W1 demand at QLo
Wide QLo
H4
QHi rejected, price mid swing
H4 Phase 4 giving H4-C‑S 2640.18
Trend
Mixed Trend
Market Profile
Values in UT
LN Open
Below Value — Outside Range
Huge Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — lower
IBR — Normal
ADR Exhausted in premarket
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Late-Sustained Auction
Hypo 3
Long
Reversal — Possible Failed Auction
Hypo 4
Short
Late-Sustained Auction
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:
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