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Gold broke below key support levels on Friday, confirming a bearish weekly signal and pointing to potential for further weakness if $3,245 is breached.

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Gold prices rose for a third straight session on Wednesday and hit a one-week high, helped by a softer dollar and safe-haven demand amid economic and geopolitical uncertainty.

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Gold’s action near the 50-Day MA could determine direction, as prior pullbacks found support there and closed back above, avoiding deeper declines.

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