XAUUSD Analysis for the Week (06 December 2021)

I am sharing the technical analysis of #XAUUSD for the week starting 06 December 2021. I’m using the following indicators:

  1. Investment Castle #channels-indicator
  2. #supply-and-demand Indicator
  3. #trend-line-indicator
  4. #engulfing-indicator

In principle:

  1. It is a bit too early to say it is bullish wave. So,
  2. Analyze using high time frames such as D1 and H1 to see the pattern on one and the trend on the other one.
  3. Look for bullish engulfing candle on H4
  4. 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.