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CMS Daily Market Report 12th October 2022

 

According to the analysis, gold lost 1.58% of its value on the first day of the week and fell to the 1665 range. Now, according to the price position in the 4-hour chart, any price increase towards high levels is a selling opportunity.

Silver fell more than 2% on the first day of the week and is now below the 19.60 support zone. The behavior of the price in the past day shows the dominance of the sellers in this range; Now, any price increase towards the 19.60 range is a selling opportunity and the path is ready to continue the downward movement towards the 18.90 range.

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