10 Jan 20250110 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
Price closed higher within Wide W1 QHi
H4
QLo rejected, price mid swing
Wide D1/H4 Q
New H4 demand giving H4-C‑D 2670 HiDC (within value below VAH)
Trend
Mixed Trend
Market Profile
Value created above the previous
Wide value
LN Open
Above Value — Within Range
Moderate Imbalance
Prev. Day Exceeded ADR — No
Asia traded — higher
IBR — Tight
Additional Notes
Non-Farm Payroll today
Hypo 1
Long
Sustained Auction NFP today so there might be no pull through on momentum
Hypo 2
Short
Reversal — Possible Failed Auction
Hypo 3
Long
Reversal — Possible Failed Auction
Hypo 4
Short
Value Acceptance
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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