20 Jan 20250120 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 within QHi
Wide QHi
Trading within D1 Supply
H4
QHi rejected, price mid swing
New demand (through Bull Engulf @ H4 VWAP UT, P TC) created below Wide QHi giving H4-C‑D 2701.82 HiDC followed by a Gravestone Doji testing QHi
Trend
Trend is DOWN 2/3
Market Profile
Value Overlapping the Previous
Wide value
LN Open
Below Value — Within Range
Moderate Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — higher
IBR — Tight
Additional Notes
Tomorrow United States Inauguration Day
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Value Acceptance Risky with LTF supplies within VA although could possible be disregarding to slightly wider than usual VA
Hypo 3
Short
Sustained 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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