12 Jan 20240112 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 2024 Week 2 Trad­ing Plan

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

Nar­ra­tive

D1

QHo reject­ed, price mid swing

D1 Bull Engulf with longer buy­ing wicks at D1 50MA UT coin­cid­ing with W1 demand

H4

QLo reject­ed, price mid swing

Phase 1 / 3 trad­ing at 50MA DT 200MA UT APEX

Trend

Trend is UP 3/3

LN Open

Above Val­ue — With­in Range

Mod­er­ate Imbalance

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — higher

IBR — Very Tight

Addi­tion­al Notes

N.A.

Hypo 1

Long

Rever­sal — Pos­si­ble Failed Auc­tion to continuation

Hypo 2

Short

Val­ue Acceptance

Hypo 3

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Long

Sus­tained Auc­tion — Late-SA preferred

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

Check me out on oth­er plat­forms as well:

• Twit­ter
• Insta­gram