XAUUSD Short
March 20th 2024 Forecast
Yesterday's Features:
Attempted Direction:
Inside Day
Normal Variation Day Type
Responsive Buying Tail
Balanced TPO Count - 0
Selling Composite Day
Directional Performance:
Value Overlapping Lower
Decreased Value Area Width
Increased Volume
Selling Volume Surplus
Conclusion:
Bearish, I would suggest waiting for the FOMC raid but if price breaks below 2147 and establishes value, this should facilitate a large move downwards
Yesterday's Features:
Attempted Direction:
Inside Day
Normal Variation Day Type
Responsive Buying Tail
Balanced TPO Count - 0
Selling Composite Day
Directional Performance:
Value Overlapping Lower
Decreased Value Area Width
Increased Volume
Selling Volume Surplus
Conclusion:
Bearish, I would suggest waiting for the FOMC raid but if price breaks below 2147 and establishes value, this should facilitate a large move downwards
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