boyinjungle

Gold Analysis December 2021 sencond week

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The Volume suggests that the support at 1775 is still intact. However the price action is giving a support of 1782. As we have one candle which closed above 1782 I think it will come back to test these levels of 1782 and 1775 before moving ahead. If the test gets successful then it can rise upto the levels of 1794 in next week. The present candle which closed at last has also broke the downtrend channel marked in yellow. So I strongly believe gold is bullish next week if it passes the test.

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