suitable entry to trade XAUUSD for the first day of December

XAUUSD
Today, XAUUSD is making its intentions even clearer. First, let's talk about the D1 candle that ended yesterday. After H4 retreated and created consecutive bearish pin bars, + XAUUSD experiences recovery (not decline) due to previous analysis (overall trend is still up, no strong downside force) more likely. waste ). D1 closes the candle according to the above meaning. This is a bearish candlestick, but not bearish. It swallows the previous candlestick and shows the price reaction to the D resistance zone. There may be an imminent decline, but there will be no reversal. H1 – H4 currently have very good increasing power. If the market does not generate a bearish signal in his 2045 price area, H4 will show a significant bullish signal (see below). This 2045 area is the wall of his H1 price channel above, which combines with the H4 pin bar area and sits in the newly created D1 supply zone. A price reaction is likely in this area. But whether there is a reversal or not, we need to see how the market reacts here. In the absence of bearish signals, the bullish force is confirmed and from 2052 he goes directly to the period 2060. ACE can refer to the trading plan on the chart for more details.

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