20230525 Premarket Prep Gold

#Fin­twit #XAUUSD #GOLD #Mar­ket­Pro­file #Order­flow

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

Larg­er Timeframe

MN price trading:

Below Body — With­in Range 

W1 price trading:

Below Body — With­in Range — W1 Evening Star — Price trad­ing with­in W1 Demand HiDC

Nar­ra­tive

• D1
  • D1 DBD giv­ing D1-C‑S 1971.240 BASE clos­ing with­in D1-C‑D 1965.526 at D1 LKC in UT
  • Price trad­ing with­in D1 QLo
• H4
  • Pos­si­ble H4 Phase 1 / 3
  • Price trad­ing with­in Wide H4/D1 QLo
• Trend
  • Mixed Trend
• Mar­ket Profile 
  • Val­ue cre­at­ed above the pre­vi­ous with­in over­all range
• LN Open
  • 0.94 x ASR- Below Val­ue — Out­side Range
  • Large Imbal­ance
  • Asia trad­ed lower
  • Prev. Day Exceed­ed ADR by 1.32
  • 0.28xASR Tight IBR

Addi­tion­al Notes

• N.A. 

Hypos

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

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

• 2

Mind­ful Trad­ing (1–5 Bad to Good)

• 2

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram