25 Oct 20231025 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 43 Trad­ing Plan

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

Nar­ra­tive

D1

Price closed low­er from new­ly formed D1 Sup­ply although leav­ing a long buy­ing wick

D1 QLo reject­ed, price mid swing

H4

H4 VWAP UT BD, pos­si­ble CAR

H4 Phase 1 / 3

H4 QLo reject­ed, price mid swing

Trend

Trend is UP 3/3

Mar­ket Profile

Very Wide val­ue below the pre­vi­ous 2 day bracket

LN Open

With­in Val­ue Wide Value

Asia trad­ed Higher

Prev. Day Exceed­ed ADR by 1.22

0.30xASR IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Short

Late-Sus­tained Auction

Hypo 3

Long

Rever­sal — Pos­si­ble Failed 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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