01 Nov 20231101 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 44 Trad­ing Plan

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

Nar­ra­tive

MN

New close as a Bull Engulf, close high not clos­ing above pre­vi­ous struc­ture high

D1

Price test­ed new sup­ply and pushed low­er, cur­rent­ly above D1 Demand HiDC

H4

H4 QHi reject­ed, price mid swing

Trend

Trend is UP 2/3

Mar­ket Profile

2 over­lap­ping values

LN Open

Large to Huge Imbalance

Below Val­ue — Out­side Range

Prev. Day Exceed­ed ADR

Asia trad­ed lower

Nor­mal IBR

Addi­tion­al Notes

N.A.

Hypo 1

Short

Late-Sus­tained Auction

Hypo 2

Long

Late-Sus­tained Auction

Hypo 3

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Long

Rever­sal — Pos­si­ble Failed Auction

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

1

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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