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CMS Daily Market Report 16th November 2022

 

Now, according to the behavior of the price on Tuesday, there is a possibility of starting a corrective movement in the range of 1.04035, and selling in this range is a low-risk option. On the other hand, according to the upward trend of the currency pair in the past few weeks, if the price closes above the level of 1.04035, the path will be prepared for the continuation of the upward movement towards the range of 1.04800 .

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 range of 1745 is a buying opportunity, and the way for the price to increase towards the range of 1800 is available . The possible reaction of sellers in the range of 1800 is important .

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