Gold technical analysis: Bullish flag pattern spotted on 1-hourly chart

• Gold failed to capitalize on the overnight strong up-move to weekly tops and has been retreating along a descending trend-channel formation on the
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GBP/JPY surrenders early recovery gains, drifts back closer to multi-month lows

• Upbeat UK retail sales/May’s announcement to step down provided a temporary boost. • The intraday uptick turned out to be rather short-lived amid f
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