21 Jan 20250121 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
Price trading at QHi
Price took out D1 Supply during Asia exhausting ADR
H4
Price trading at QHi
Wide H4/D1 QHi
Trend
Trend is UP 3/3
Market Profile
Value Overlapping the Previous (3rd day)
LN Open
Above Value — Outside Range
Large to Huge Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — higher
IBR — Normal
ADR Exhausted during Asia
Additional Notes
United States Inauguration Day (already happened)
Hypo 1
Short
Sustained Auction
Hypo 2
Long
Reversal — Possible Failed Auction
Hypo 3
Short
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
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