December 5th XAUUSD Analysis 💙
From the 1-hour level, the upper Bollinger Band forms resistance with the previous high. The current price is hovering near the middle band and is currently in a high oscillation state. Key resistance to watch is at 4219 and the intraday high at 4210. If broken, it may turn bullish in the short term. Key support to watch is at the intraday low of 4202 and the lower band at 4182. A drop below the middle band may test the lower band. You can buy high and sell low near key levels, and follow after a breakout.
Big yellow sees near 4199-4197 north ⬆️
🎯: Near 4220-4225, if broken look for 4228
Big yellow sees near 4219-4220 south ⬇️
🎯: Near 4192-4187, if broken look for 4182
The content is effective. Keep a close eye on the levels and don’t hesitate. If you’re unsure, make sure to follow and ask Sister Feifei anytime.
