Gold Spot / U.S. Dollar
Short

XAUUSD 4hour Analysis December 5th, 2021

385
Gold Neutral idea

Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish

Trade scenario 1: All timeframes are now bearish. We’re pretty much ready for a short entry, we just need to see a strong reversal from 1785.00 resistance.

Look to target lower toward 1740.00 support.

Trade scenario 2: For us to consider Gold bullish we would need a higher low above 1800 but even then we are back within the range of 1825 & 1800.

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