26 Jun 20230626 Premarket Prep Gold

⇧ Detailed plan with HYPOS out­lined with­in link ⇧

#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 26 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Trad­ing below body and range test­ing MN demand HiDC

W1 price trading:

Trad­ing with­in body after W1 VWAP in UT BD

Nar­ra­tive

D1

D1 ham­mer after price closed below pre­vi­ous structure

Wide D1/W1 QHi reject­ed price trad­ing mid swing

H4

Trad­ing at H4 VWAP in DT

Trend

Trend is DOWN 2/3

Mar­ket Profile

Val­ues in DT

LN Open

0.18 x ASR- Above Val­ue — With­in Range

Mod­er­ate Imbalance

Asia trad­ed some­what higher

Prev. Day Exceed­ed ADR by 1.43

0.46xASR IBR

Addi­tion­al Notes

N.A. 

Hypo 1

Short

Failed Auc­tion

Hypo 2

Long

Late-Sus­tained Auction

Hypo 3

Short

Auc­tion Fade

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

1

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