14 Apr 20230414 Premarket Prep Gold

#Fin­twit #XAUUSD #GOLD #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:

Gold 2023 Week 15 Trad­ing Plan

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

• MN
  • Price trad­ing above body and range, with­in MN sup­ply + QHi
• W1
  • Price trad­ing above body and range, with­in W1 Sup­ply + QHi

Nar­ra­tive

• D1
  • Price took out D1 Sup­ply and closed slight­ly with­in the next at D1-C‑S 2038.415
  • Price trad­ing with­in Wide D1 QHi
• H4
  • H4 Phase 2 clos­ing with­in supply
  • H4 Bear­ish Inside Bar formed although fail­ing to close below Supply
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • Val­ues in UT
• LN Open
  • Prev. Day Exceed­ed ADR by 1.38
  • Open 0.81xASR Above Val­ue, Out­side Range, Mod­er­ate to Large Imbalance
  • Asia trad­ed higher
  • 0.31xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Late-Sus­tained Auction
• Hypo 2
  • Long
  • Auc­tion Fade

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 1

Mind­ful Trad­ing (lack of sleep?)

• Still not a 100%

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram