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CMS Daily Market Report 1st November 2022

 

According to analysis, gold fell 1.14% on Friday and closed at 1644 closes on Friday. Currently, the price position in the daily chart shows that the sellers are ready to start a new downward wave and cross the support area of 1622. If the price closes below the level of 1622, the way will be prepared for the start of a new downward wave towards the range of 1576 .

According to the analysis, the currency pair decreased to the range of 0.98730 on the first day of the week. Currently, according to the price position in the 4-hour chart, the 0.99500 and 0.98700 levels are the most important leading trading levels, and the possible price reaction to these levels will determine the short-term direction of the euro.

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