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XAUUSD PRE-MARKET ANALYSIS: MARCH 20, 2021
Overall trend: 4H, 1H both are in an uptrend, and price has just shown strong buying pressure before its close on the 15m.
Looking for long set-ups throughout this bull run overall and out of the zones 1743.565 and 1745.054 depending on where the price decides to move.
Likely possibilities include further upside move retest of zone 2, and move up to zone 3 which is a strong resistance zone and look for quick short setups from there, although a higher probability of breaking that zone as we're at a bull run on higher timeframes.
What do you think? Would love to know your thoughts.
Looking for long set-ups throughout this bull run overall and out of the zones 1743.565 and 1745.054 depending on where the price decides to move.
Likely possibilities include further upside move retest of zone 2, and move up to zone 3 which is a strong resistance zone and look for quick short setups from there, although a higher probability of breaking that zone as we're at a bull run on higher timeframes.
What do you think? Would love to know your thoughts.
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