XAUUSD Technical Analysis 06.12.2022 1h chart

– Previous Daily candle closed Strong Bearish at 1768.900 as Monday Daily candle broke above Daily Resistance formed on Friday at 1803 then Rejected and filled Friday Daily bottom wick.
– Buys on close above 1771.200 targeting 30min Resistance at 1778.000, Leaving Runners to the 4h previous Support formed on Friday at 1785.700 during the New York Session.
– Sells on close below 1766.000 as price breaks below the previous Daily Low targeting 4h previous Support formed on 30th November 2022 at 1762.000, Leaving Runners to the Previous Daily Resistance formed on 25th November 2022 at 1756.000.
– The overall timeframe remain Bullish based on the Weekly and Daily unless if we have price breaking below Weekly Support formed at 1751.000 or even 1738 on the Daily timeframe.