Technical Analysis for XAUUSD - H1 Timeframe - December 29, 2021

- XAUUSD is priced below MA & Pivot Point. RSI is below 50 level. Down Trend is observed.
- Upward Triangle is observed. Price is placed near bottom of the upward triangle.
- For a fresh buy one can wait for breaking of Pivot Point that is 1809.48.
- Alternative Scenario - It may enter intraday down trend below S2 – 18003.1.
- Watch out levels for intraday trading.