CMS Daily Market Report 27th December 2021

Gold fell to 1784 last week but rose 0.57% at the end of the week to close at 18080. The price is currently in the resistance range of 1810 and the demand of buyers in this range indicates the readiness to cross this resistance range and increase the price to the range of 1819.

The euro rose 0.66% last week to close at 1.13105. Given the price position in the daily chart, the pair has formed a Sideways trend in the past month between the levels of 1.12350 and 1.13500, and the exit from each side will determine the next direction of the Euro.

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