07 Dec 20231207 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 49 Trad­ing Plan

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

Nar­ra­tive

D1

Small Bull­ish Ham­mer at VWAP UT

D1 QHi reject­ed, price mid swing

H4

Pos­si­ble Phase 1 / 3 mid swing, below VWAP / 50MA after LKC UT CAS

Trend

Trend is UP 2/3

Mar­ket Profile

2 over­lap­ping values

LN Open

Above Val­ue — With­in Range

Mod­er­ate Imbalance

Prev. Day Exceed­ed ADR — No

Asia trad­ed — sideways

IBR — Normal

Addi­tion­al Notes

N.A.

Hypo 1

Long

Late-Sus­tained Auc­tion lots of con­ges­tion above

Hypo 2

Short

Val­ue Acceptance

Hypo 3

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Short

Auc­tion Fade

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

2

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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