19 Jun 20230619 Premarket Prep Gold

#Fin­twit #XAUUSD #GOLD #VWAP #Kelt­ner #Mar­ket­Pro­file #Order­flow

⇧ More info with­in link ⇧

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 25 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Price trad­ing below body, with­in range, test­ed MN demand HiDC

W1 price trading:

Price took out new­ly formed demand HiDC at W1 VWAP in UT

Price slight­ly trad­ing below body, with­in range

W1 QHi reject­ed, price trad­ing mid swing

Nar­ra­tive

D1

D1 Morn­ing star to pos­si­ble con­sol­i­da­tion giv­ing D1-C‑D 1944.335 Momentum

Price trad­ing just above D1 VWAP in DT at LKC, pos­si­bil­i­ty for new R

H4

Mul­ti­ple tests of H4-C‑S 1963.694

Price pull back to H4 VWAP in R

Trend

Mixed Trend

Mar­ket Profile

Wide val­ue cre­at­ed above the pre­vi­ous return­ing to over­all range in a V‑shaped correction

LN Open

0.57 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia formed a Neu­tral Day but most­ly trad­ed lower

0.19xASR Very Tight IBR

Price already extend­ed and closed above IB at the time of writing

Addi­tion­al Notes

N.A.

Hypo 1

Long

Late-Sus­tained Auction

Hypo 2

Short

Rever­sal — Auc­tion Fade

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

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