Mebakid74

XAUUSD - Gold 4H 2023-07-31

FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Gold on the 1-hour timeframe, the previous Weekly candle closed with a slight Bearish bias, resulting in a weak resistance level. Given this scenario, I would favor sell positions, as there are no high impact news events anticipated. It would be ideal to wait for the London session to establish a trading range before considering potential setups around the New York session open.
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