The XAUUSD H1 chart displays a consolidation phase following a recent downtrend, with price action ranging between key support and resistance levels. The last few candles show a series of lower highs and higher lows, indicating potential bullish exhaustion. A notable low formed at 4015.16 (July 13th), with increased volume suggesting strong buying pressure near this level. The current price is consolidating around 4017.82, which aligns with the support zone, and the recent close of 4097.92 (July 12th) highlights a failed attempt to break higher. Volume spikes during the pullback to 4015.16 confirm heightened interest, while the price action remains…

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