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CMS Daily Market Report 14th October 2022

Coinciding with the US dollar CPI news yesterday, gold fell to the 1642 range but closed at the 1662 range at the end of Thursday. According to the price position in the 4-hour chart, there is a possibility of a short-term upward movement towards higher resistance levels, so buying in the range of 1662 is a good option.

According to the analysis, the downtrend of the euro stopped in this range on Thursday and closed at the 0.97790 range at the end of the day. Now, according to the price position in the 4-hour chart, the currency pair has stopped at the resistance range of 0.98020.

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