10 Jul 20230710 Premarket Prep Gold

⇧ Detailed plan with HYPOS out­lined with­in link ⇧

#Fin­twit #XAUUSD #GOLD #VWAP #Kelt­ner #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:

Gold 2023 Week 28 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

MN Three Out­side Down clos­ing with­in demand

With­in Body — With­in Demand

W1 price trading:

Weak Bull Engulf with longer buy­ing wick at W1 UKC in UT

With­in Body — Mid Swing 

Nar­ra­tive

D1

Pos­si­ble D1 Phase 1 / 3 at D1 VWAP 200MA APEX

D1 Bull Engulf closed with­in D1 Sup­ply although not above D1 VWAP in DT

Price trad­ing mid D1/W1 Swing

H4

Price trad­ing at H4 QHi and closed below

Trend

Mixed Trend

Mar­ket Profile

2‑day over­lap­ping values

LN Open

0.45 x ASR- Above Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

LN Wider than NY

Prev. Day Exceed­ed ADR by 1.55

Asia formed a Neu­tral Day but most­ly trad­ed lower

0.23xASR Tight IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auc­tion (to SA)

Hypo 2

Long

Late-Sus­tained Auction

Hypo 3

Short

Late-Sus­tained Auction

Hypo 4

Long

Rever­sal — Pos­si­ble Failed Auc­tion (to SA)

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

1

Mind­ful Trad­ing (1–5 Bad to Good)

2

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