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Two interest rate moves are up for decision this week, US jobs data for May, Chinese trade data (also for May), and Australian economic growth for the first quarter. Additionally, the start-of-the-month surveys of global manufacturing are underway. China’s official survey showed a surprise dip in manufacturing and service sector activity on Friday. The Bank ...
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Gold remained on the defensive this week with XAU/USD trading at 2340 ahead of the New York close on Friday. A massive reversal off technical resistance last week remains in focus with gold threatening a deeper correction within the broader uptrend. These are the update targets and invalidation levels that matter on the XAU/USD weekly technical chart ...