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CMS Daily Market Report 13th September 2022

 

Gold rose to the 1735 range on the first day of the week but closed at the 1724 range at the end of the day. Now, according to the position of gold in the 4-hour chart, the price has formed a wedge pattern in the last few days.

In yesterday’s report, we warned about silver’s readiness to increase its price to the range of 19.50. Silver rallied more than 5% and is now in the 19.67 range, according to analysis, driven by buyers’ demand on Monday.

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