![](https://www.bearmarkettrader.com/wp-content/uploads/2023/06/20230613-Gold-Premarket-Prep.png?v=1686645890)
13 Jun 20230613 Premarket Prep Gold
#Fintwit #XAUUSD #GOLD #VWAP #Keltner #MarketProfile #Orderflow
![](https://www.bearmarkettrader.com/wp-content/uploads/2023/06/20230613-Gold-Premarket-Prep-1024x738.png?v=1686645890)
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
Larger Timeframe
MN price trading:
Below Body — Within Range
W1 price trading:
Above Body — Within Range — Trading at W1 VWAP in UT
Narrative
- D1
- Possible D1 Phase 1 / 3
- Price probing above D1 VWAP in UT although hasn’t closed above (yet)
- H4
- Trading in range
- Trend
- Mixed Trend
- Market Profile
- 2 overlapping values within overall range
- LN Open
- 0.00 x ASR- Within Value
- Asia traded higher
- 0.24xASR Tight IBR
Additional Notes
- N.A.
Hypos
- Hypo 1
- Long
- Failed Auction — Possible 3‑I day
- Hypo 2
- Short
- Auction Fade After FA in line with 3‑I Day
- Hypo 3
- Short
- Late-Sustained Auction
Clarity / Confidence (1 — 5, low to high)
- 1
Mindful Trading (1–5 Bad to Good)
- 3
Focus Points for trading development
- Monthly Goals
- Use SL scaling
No Comments