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Weekly MACD has entered deep negative territory, gold may weaken further
Based on technical analysis, gold's sharp decline last week and breach of key support levels suggest the possibility of further weakness. Spot gold recorded its largest single-week decline since 1983 last week. Additionally, spot gold has broken below the support zone of $4,381 to $4,403 per ounce today. Furthermore, the weekly MACD has entered deep negative territory, with the next weekly support level at $4,004 per ounce.#Gate13周年全球庆典