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CMS Daily Market Report 1st August 2022

 

According to the analysis, gold rose more than 2% last week and ended the week in the range of 1766 closes. Now, according to the price position in the weekly and daily charts, the 1788 range is the most important leading resistance range and there is a possibility of starting a new downward wave in this range.

Now, according to the price position in the 4-hour chart, there is a possibility that the price will continue to move towards the 1.04035 range, and short at this resistance range is a good option. Buying in the range of 1.01820 is low risk.

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