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CMS Daily Market Report 1st September 2022

 

According to the analysis, gold fell to the 1702 range in the early hours of Thursday. Now, according to the price position in the 4-hour chart, any increase in the price towards the 1718 range is a selling opportunity, and the way to continue the downward movement towards the 1684 support range is available.

In yesterday’s report, we warned about the readiness of silver to start a new downward wave towards the 17.50 range. According to the analysis, silver has lost more than 5% of its value since the beginning of the week and is now in the range of 17.80.

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