Update: XAUUSD (Gold) 4H 09/12/2022

Previous analysis are still valid.

Low time frame demand zone above the price is a strong resistance in front of price.

So we can expect a downward move from there.

As you know we need confirmation for entering the market.


💡Wait for update!
🗓️07/12/2022
🔎 DYOR

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Comment:

As you can see, price had a bearish reaction to our LTF demand zone.

Now we waiting for new week and opening the market.

I hope best for all.

Comment:

Well, as you can see price had a bearish reaction after touching 1806.11 and move down till 1777.43.

I expect more downward move.

It's Possible that price rise to 1795 to 1799 and then price fall.