XAUUSD - Gold 1H 2023-07-11

Gold on the 1-hour timeframe, closed bearishly in the previous Daily candle at 1925.40, tapping into the Daily Support formed on Friday 7th July 2023. As there are no high-impact news events, ideally is to wait for price to breakout of the "No Trade Zone" during high volume time with strong confirmation before considering any positions.
Trend Analysis

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