CMS Daily Market Report 12th January 2022

Gold rose more than 1% on Tuesday to close at 1821. Given the position of the price in the daily chart, now any price decrease towards the 1809 range is an opportunity to buy, and the path to increase the price towards the 1855 resistance range is provided.

Silver also rose more than 1.30% at the same time as gold and closed above the pivot point. Currently, according to the price position in the 4-hour chart, any price decline towards the lower levels is an opportunity to buy, and the resistance trend line range (level 22.96) is the most important leading resistance range and the possible price reaction to this level is important.

 

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