XAUUSD - Gold 4H 2023-07-13
Gold on the 4-hour timeframe, is showing a strong Bullish Weekly candle, yet it continues to respect the previous rejection point at 1958.32. As the Daily candle starts to shift, there is a possibility of a Bearish momentum emerging. I will be closely observing for a potential position after a breakout of the "No Trade Zone" in either direction, particularly with the upcoming high-impact news preceding the New York session.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.