23 Jan 20250123 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
Price closed higher within W1 Supply
H4
Price trading within QHi
Wide H4/D1 QHi
H4 Bear Engulf giving H4-C‑S 2756.46 within Value
Trend
Trend is UP 3/3
Market Profile
Values in UT
LN Open
Below Value — Within Range
Moderate Imbalance
Prev. Day Exceeded ADR — No
Asia traded — sideways
IBR — Very Tight
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction — possible continuation
Hypo 2
Long
Value Acceptance — risky
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)
1
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