12 Jul 20230712 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 — Price see­ing a retracement

W1 price trading:

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

Above Body — Above Range — Pos­si­ble W1 VWAP in UT BD to CAR

Nar­ra­tive

D1

Price closed high­er tak­ing out D1 Supply

Price near­ing D1 50MA in DT

Wide D1/W1 QHi reject­ed, price trad­ing mid swing

H4

Price mak­ing HH cur­rent­ly trad­ing at H4 200MA in DT

H4 swing tak­en out, new estab­lished, H4 QLo reject­ed, price trad­ing mid swing

Trend

Mixed Trend

Mar­ket Profile

Wider val­ue cre­at­ed above the pre­vi­ous and above over­all range

LN Open

With­in Value

Asia trad­ed higher

Pre­mar­ket closed as a H4 Bear­ish Inside Bar

0.16xASR Very Tight IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Late-Sus­tained Auc­tion — Pos­si­bly after form­ing a Neu­tral Day (FT)

Hypo 2

Long

Rever­sal — Pos­si­ble Failed Auc­tion — to SA

Hypo 3

Long

Auc­tion Fade

Hypo 4

Short

Auc­tion Fade

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

Don’t know what all the abbre­vi­a­tions are? Check out my lexicon:

Lex­i­con

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