XAUUSD - Gold 1H 2023-06-26
Gold on the 1-hour timefram displayed a gap-up open. However, the previous Weekly candle closed strongly Bearish at 1921.300, breaching the Weekly Support established on May 29th, 2023. Although the Friday Daily candle closed with weak Bullish candle, forming a Daily Support level around 1913.800, I will be considering a short position but I will wait for price consolidation and the gap to be filled during high volume periods, such as the pre-London session or the London open, before executing any trades.
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