XAUUSD - Gold 1H 2023-07-18

18 ביולי 2023

Gold on the 1-hour timeframe, has been consolidating within the boundaries of the "No Trade Zone" for a considerable period. However, it's worth noting that the previous Weekly candle closed strongly bullish at 1955.500, respecting the recent Weekly support level. I anticipate potential trading opportunities once there is a breakout from the "No Trade Zone," be it upward or downward. It's essential to consider the impact of upcoming high-impact news ahead of the New York session.