XAUUSD H1 Analysis on 22/12/2023

- XAUUSD is moving sideways.

- The breakout above the resistance at 2047 indicates strong upward momentum. This level also serves as a strong support.

- Tonight, there is a significant amount of negative news, so there is a probability that the price may break the upward trend and shift downwards. The condition for a strong downward shift is if the price closes below the level of 2036.7.