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The upcoming trading sessions will be crucial for gold. The metal experienced considerable selling pressure over the past three sessions.
AUDNZD surged to a new 13-year high of 1.2145. Although bullish momentum remains strong, the pair is overextended on the higher timeframe, raising concerns about the rally's sustainability and the potential for a pullback.
Another busy central bank week is upon us. The central bank's decisions will be crucial for educating markets about future direction, as the discussion on policy is likely to influence market volatility.
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