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