Gold D1 06.12.2022 Daily review

Gold. Daily timeframe. Daily review

1) Gold forms a paranormal bearish candle and the fall stops around 1765
2) Support level, moving averages are pushing the price back. Gold strengthens to 1775
3) Price in 1786-1765 range. It is logical to expect a pullback to 1786
4) Gold is in an uptrend. The medium-term outlook remains long
5) If gold holds above 1765, it will continue to rise to 1802, 1825, 1850 and finally to 1869