21 Sep 20230921 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

Nar­ra­tive

D1

Long ping­bar Doji test­ing D1 Sup­ply coin­cid­ing with W1 VWAP

W1/D1 QHi reject­ed, price trad­ing mid swing

H4

H4 Three Inside Down with con­tin­u­a­tion clos­ing below H4 VWAP in UT

H4 QHi reject­ed, price trad­ing mid swing

Trend

Mixed Trend

Mar­ket Profile

Val­ue cre­at­ed below the pre­vi­ous after UT

LN Open

0.15 x ASR- Below Val­ue — With­in Range

Mod­er­ate Imbalance

Asia trad­ed lower

Prev. Day Exceed­ed ADR by 1.65

0.30xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Sus­tained Auc­tion — late-sus­tained auc­tion preferred

Hypo 2

Long

Rever­sal

Hypo 3

Short

Rever­sal

Hypo 4

Long

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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