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CMS Daily Market Report 17th 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 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 .

As the dollar index continued to weaken, the pound gained 0.93% on Tuesday, consolidating its position above the resistance trend line range. Currently, according to the price position in the 4-hour chart, buying in the range of 1.1790 is a low-risk option, and the path is ready to continue the upward movement towards the range of 1.2080.

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