XAUUSD Gold Chart Analysis December 6th

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I’ll begin with XAUUSD Gold Chart Analysis for December 6th






This shows USDCAD Chart Analysis for yesterday.

There were no big movement, but ended up with drifting sideways.

I believe today is important as it tends to have a strong trend on Friday.





This is XAUUSD Gold 30M candle chart.

It is short position strategy.

While I was writing, there was a trend.
So I had to change a little bit.

Today’s strategy is short position strategy after a rebound.

However, if the price touches the resistance line of Bollinger band for 1H candle chart, close the day with no position.

Please remember, you should watch carefully at the price based on the Bollinger band’s middle line. After the rebound trend loses its power, then you should enter short position.

Still we have “red cloud” on 4H candle chart.
So it is very hard to see a drastic fall, but a slow downtrend.

You should have a patience, and then operate accordingly.


This is it for today.

Hope you had a restful week.

I will come back to you next Monday.



Thank you.


(Translation help
Jae Ho Shin)