XAUUSD - Gold 1H 2023-07-14

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Gold on the 1-hour timeframe, exhibited a small Bullish closure in the previous Daily candle at 1960.700, while consolidating on both the 4-hour and 1-hour timeframes during the Thursday trading sessions. It is worth noting that a breakout above or below the current consolidation range could present an opportunity for a potential position considering the presence of high-impact news during the mid New York session.