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CMS Daily Market Report 22nd August 2022

 

According to the analysis, gold fell more than 3% last week and ended the week in the range of 1747 closes. Now, according to the technical position of the price in the daily chart, there is a possibility of a temporary stop of the downward movement in the range of 1742.

Coinciding with the downward movement of gold last week, silver also lost more than 8% of its value and ended the week in the range of $19. Currently, according to the price position in the 4-hour chart, any price increase towards the 19.41 range is a selling opportunity, and the way to reduce the price towards the 18.50 range is available.

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