I am sharing the technical analysis of #XAUUSD for the week starting 06 December 2021. I’m using the following indicators:
- Investment Castle #channels-indicator
- #supply-and-demand Indicator
- It is a bit too early to say it is bullish wave. So,
- Analyze using high time frames such as D1 and H1 to see the pattern on one and the trend on the other one.
- Look for bullish engulfing candle on H4
- Price has to go up then retest and after that you decide
First off, I start my technical analysis with the weekly chart time frame then I scale down to M15.
On Sunday we will find out after sharing the detailed analysis using the above indicators that are purely based on Price Action.