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Gold weekly chart outlook

FX:XAUUSD   Gold/U.S. Dollar
Weekly chart shows bullish break from falling channel followed by a rising wedge. Whether prices breach it on the upside or downside could be decided in a next month or so since we have June Fed rate decision and Brexit referendum.

A bullish break could see the prices test supply around a larger falling trend line resistance seen around $1370-1380.
A bearish break would open doors for a re-test of falling channel level now seen around $1220-1200.
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