08 Jan 20250108 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
D1 Bull Engulf leaving a longer selling wick testing MN supply and W1 QHi
D1 Phase 1 / 3 continued
H4
Price trading within QHi
Wide QHi
H4 Bull Engulf giving H4-C‑D 2648.35 within value below VAH
Trend
Mixed Trend
Market Profile
Value Overlapping the Previous
Wide value
LN Open
Above Value — Within Range
Moderate Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — sideways
IBR — Tight
Additional Notes
N.A.
Hypo 1
Long
Reversal — Possible Failed Auction
Hypo 2
Short
Value Acceptance risky with wide value and new H4 demand within value
Hypo 3
Long
Sustained 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:
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