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CMS Daily Market Report 21st November 2022

Last week, gold stopped at the 1786 range (resistance trend line range) and at the end of the week, it decreased by 1.15%. Now, according to the price position in the daily and 4-hour chart, according to the upward movement of the price in the last few weeks, buying in the support range of 1725 is a low-risk option.

At the same time as the downward movement of gold last week, silver also decreased by 3.51% and hit the range of 20.94. According to the technical position of the price in the daily and 4-hour chart, the range from 20.40 to 20.56 is the most important leading support range and there is a possibility of stopping the downward movement and entering buyers in this range.

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