XAUUSD - Gold 1H 2023-06-27
Gold on the 1-hour timeframe is currently exhibiting a range-bound behavior, indicating a lack of clear direction, awaiting a catalyst to provide a clear direction. While the previous Daily candle closed with a minor Bullish tone at 1923.200, it respected the highs and lows of Friday's trading session. At this point, I will be closely monitoring how the price reacts to the upcoming high-impact news scheduled during the New York session, which could potentially influence the market dynamics leading up to the London session's close before taking any positions.
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