20230530 Premarket Prep Gold - Bear Market Trader
This is my premarket prep for the London session.
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20230530 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:

Below Body — Below Range — Price trad­ing above MN-C‑D 1926.743 Base HiDC

W1 price trading:

Below Body — Below Range — Mid Swing — Wide Q — Price trad­ing at W1 VWAP in UT


  • D1
    • Wide D1/W1 QHi reject­ed, price trad­ing mid swing
    • Pos­si­ble D1 Phase 4 tak­ing out D1 demand
    • D1 con­sol­i­da­tion giv­ing D1-C‑S 1943.927 (at VAL)
  • H4
    • H4 VWAP in DT TC
  • Trend
    • Trend is DOWN 2/3
  • Mar­ket Profile 
    • Val­ues in DT
  • LN Open
    • 0.52 x ASR- Below Val­ue — Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day but trad­ed lower
    • 0.54xASR IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Rever­sal — Pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Late-Sus­tained Auction

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


Day trader. Tech geek. Sim Racing Enthusiast.

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