If we look at the 4-hour chart of the Gold commodity asset, it can be seen that the price movement is moving below WMA 20 and is confirmed by the MACD indicator which has death cross and is below level 0 so based on these things, Gold is currently trying to break below the 2015.56 level if the level is successfully broken in the near future, then Gold has the potential to continue its weakening up to level 1972.28 unless on its way to these target levels, Gold suddenly turns stronger again, especially if it succeeds in breaking above level 2061.66 then the weakening scenario described previously will become invalid and cancel automatically.
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