XAUUSD - Gold 4H 2023-07-19

Gold on the 4-hour timeframe, previous 4-hour candle closed with a slight Bearish momentum at 1976.310, while the price continues to remain within a range on the 1-hour timeframe. Ideally, is to wait for the consolidation phase to conclude, looking for a breakout in either direction during a high-volume session and being mindful of the high-impact news scheduled for the mid New York session.
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