XAUUSD intra day day analysis March 19, 2021
Overall trend- Bullish on Daily, 4H, and 1H.
We see a retest on the M30 TF from the support zone highlighted in green.
Considering we're at an up trend, we're looking for majority long positions setups and we're at a correction phase at the moment.
If price decides to move up, there is a strong psychological resistance level of 1750 which is also coinciding with our upper bound trendline (where we can potentially look for sell setups if we see a rejection, or buy setups if a breakout occurs.
Overall looking for buy setups.
We see a retest on the M30 TF from the support zone highlighted in green.
Considering we're at an up trend, we're looking for majority long positions setups and we're at a correction phase at the moment.
If price decides to move up, there is a strong psychological resistance level of 1750 which is also coinciding with our upper bound trendline (where we can potentially look for sell setups if we see a rejection, or buy setups if a breakout occurs.
Overall looking for buy setups.
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