04 Oct 20231004 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 40 Trad­ing Plan

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

Nar­ra­tive

D1

Price closed low­er although leav­ing slight­ly longer buy­ing wick price has not test­ed D1 demand (yet)

Price trad­ing with­in Wide D1/W1 QLo

H4

Price test­ed H4 Sup­ply LiDC but then start­ed trad­ing low­er but pre­vi­ous struc­ture low not tak­en out (yet) still trad­ing with­in demand

Trend

Trend is DOWN 2/3

Mar­ket Profile

Val­ues in DT

LN Open

0.49 x ASR- Below Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Prev. Day Exceed­ed ADR by 1.06

Asia trad­ed lower

0.60xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Val­ue Acceptance

Hypo 3

Long

Failed Auc­tion

Hypo 4

Short

Late-Sus­tained Auction

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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