Spot gold, represented by the XAUUSD pair, is a widely traded commodity that tracks the price of gold in US dollars. As we analyze the recent price action on the H1 timeframe, it's essential to understand the current market dynamics. The XAUUSD pair has been trading in a bullish trend on the H1 timeframe, with a clear upwards momentum. The recent candles have formed a series of higher highs and higher lows, indicating a strong buying pressure. The volume has also been increasing, confirming the strength of the move. The most recent candles have seen a slight pullback, but the…

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