XAUUSD - Gold 4H 2023-07-31

31 Tem 2023

Gold on the 1-hour timeframe, the previous Weekly candle closed with a slight Bearish bias, resulting in a weak resistance level. Given this scenario, I would favor sell positions, as there are no high impact news events anticipated. It would be ideal to wait for the London session to establish a trading range before considering potential setups around the New York session open.