20 Sep 20230920 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 37 Trad­ing Plan

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

Larg­er Timeframe

MN price trading:

Below body, with­in range, above MN demand HiDC

W1 price trading:

Above Body, WIth­in Range, price did make a HH

W1 QHi reject­ed, price trad­ing mid swing

Nar­ra­tive

D1

D1 Inside Bar at test of D1 200MA in UT pos­si­ble CAR

W1/D1 QHi reject­ed, price mid swing

H4

H4 sup­ply cre­at­ed below D1 Sup­ply giv­ing H4-C‑S 1934.879

Price trad­ing at H4 VWAP in UT although BD possible

Trend

Mixed Trend

Mar­ket Profile

Val­ues in UT

LN Open

0.40 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia trad­ed lower

0.33xASR IBR

Addi­tion­al Notes

Fed Inter­est Rate Deci­sion lat­er dur­ing NY

BoE Inter­est Rate Deci­sion tomorrow

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Late-Sus­tained Auction

Hypo 3

Short

Late-Sus­tained Auction

Hypo 4

Long

Rever­sal

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

1

Mind­ful Trad­ing (1–5 Bad to Good)

2

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

Lex­i­con

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