CMS Daily Market Report 13th December 2021

Gold fluctuated between 1770 and 1793 last week, forming the Choppy Range. Currently, the price is in the range of the downtrend channel and the resistance range of 1786. Due to the pressure of sellers in the past few days, selling in this range is a low risk option and there is a way to reduce the price is in the range of 1753.

Silver continued its downward trend last week for the fourth consecutive week, falling 1.61% to close at 22.18. Given the technical position of silver in the weekly chart, the range of 21.05 is the most important leading support range and there is a possibility of starting a corrective price movement in this range.

 

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