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CMS Daily Market Report 14th November 2022

 

According to the analysis, gold rose more than $90 last week and closed the week in the 1771 range . Now, according to the technical position of the price in the daily chart, any decrease in the price towards the 1725 range is a buying opportunity, and the path for the price increase towards the 1800 range is available . The possible reaction of sellers in the range of 1800 is important .

Currently, according to the price position in the weekly and daily charts, the range of 1.04035 is the most important leading resistance range and there is a possibility of a temporary stop of the upward movement in this range . If the price crosses this resistance range, the path will be prepared for the price increase towards the 1.06680 range.

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