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CMS Daily Market Report 19th September 2022

 

Gold has lost 2.43% of its value in the past week and is at its lowest price level in the last two years. Now, according to the price position in the daily chart, any increase in the price towards the 1684 range is a selling opportunity, and the path is ready to continue the downward movement towards the 1622 support range.

Unlike gold, silver rose 3.90% last week and ended the week in the 19.57 close range. The divergence between gold and silver prices last week shows the high demand of silver buyers in this range. The most important leading support and resistance levels are identified in the 4-hour chart

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