15 Aug 20230815 Premarket Prep Gold

⇧ Detailed Trad­ing Plan for Lon­don Ses­sion 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 33 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Price below Body, with­in range, with­in MN demand HiDC

W1 price trading:

Price closed with­in W1 Demand, price trad­ing with­in body

Nar­ra­tive

D1

Price closed low­er with­in D1 demand leav­ing a slight buy­ing wick 

H4

H4-C‑S 1911.994 VWAP DT TC with­in Val­ue at VAL

Trend

Trend is UP 2/3

Mar­ket Profile

Val­ues in DT

LN Open

0.64 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia trad­ed lower

Prev. Day Exceed­ed ADR by 1.02

0.19xASR Very Tight IBR

Addi­tion­al Notes

N.A.

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auc­tion — Pos­si­ble con­tin­u­a­tion higher

Hypo 2

Short

Rever­sal

Hypo 3

Short

Auc­tion Fade

Hypo 4

Short

Late-Sus­tained Auction

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

1

Mind­ful Trad­ing (1–5 Bad to Good)

1

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

Lex­i­con

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