Lawrence’s Comment
Outlook Rising wedge breakdown points to test of B-1 / Y-1. Not supportive of gold rally. Further consolidation likely.
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AUDUSD Jul 04 to Jul 08 Outlook
Lawrence’s Comment
Y-1 test led to up drift for Y-0 all week. Closed the week near Y-0 and week high.
Outlook
Rising wedge breakdown points to test of B-1 / Y-1. Not supportive of gold rally. Further consolidation likely.
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