20230519 Premarket Prep Gold - Bear Market Trader
This is my premarket prep for the London session.
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20230519 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:

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

Larg­er Timeframe

MN price trading:

With­in Body — Price made an All-Time High and start­ed reacting

W1 price trading:

Pos­si­bly devel­op­ing a W1 Evening Star and is trad­ing at W1-C‑D 1973.367 HiDC


  • D1
    • Price took out D1 demand and is trad­ing with­in D1-C‑D 1965.526 coin­cid­ing with D1 LKC in UT
    • Price trad­ing with­in Wide D1 QLo
  • H4
    • Price see­ing some pull­back with­in D1 demand
    • Price trad­ing with­in Wide H4/D1 QLo
  • Trend
    • Trend is DOWN 2/3
  • Mar­ket Profile 
    • Val­ues in DT
  • LN Open
    • 0.56 x ASR- Below Val­ue — Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • Pos­si­ble Fri­day Profit-Taking
    • Prev. Day Exceed­ed ADR by 1.53
    • 0.21xASR Tight IBR

Addi­tion­al Notes

  • N.A. 


  • Hypo 1
    • Short
    • Rever­sal — Pos­si­ble Failed Auc­tion to pos­si­ble SA
  • Hypo 2
    • Long
    • Late-Sus­tained Auction
  • Hypo 3
    • Long
    • Auc­tion Fade

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

  • 1

Mind­ful Trad­ing (1–5 Bad to Good)

  • 2

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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