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Chris elaborates: I've been sharing numerous postings that gold was forming a bearish rising wedge (e.g., June 2, June 19, and July 1).
In contrast the euro was forming a bullish falling wedge (e.g., May 25 and June 21).
Which one would you rather own? Check out the spread in the past 20 days.
Once again, the "power of the pattern" proves stronger than sentiment.
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