XAUUSD 1 hour analysis 3 December 2021

XAUUSD

Since Market is from a Bearish impulse the current gold price is situated inside a descending channel. Price will go towards the upside either to test (RES 1) resistance and shoot downwards or break (RES 1) to the upside to test (RES 2) resistance and then go down since the long term direction is short(Bearish).