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CMS Daily Market Report 10th October 2022

Gold rose to the 1729 range last week, but as sellers entered the final days of the week, gold closed in the 1695 range on Friday. Now, according to the price position in the 4-hour chart, according to the price close below the level of 1695, any price increase towards the 1700 range is a selling opportunity, and there is a possibility of continuing the downward movement towards the 1664 range.

In last week’s report, we mentioned the importance of the $21 resistance range. According to the analysis, silver rose to the range of 21.24 last week but is now in the range of 19.72.

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