Skip links

CMS Daily Market Report 23rd August 2022

 

Gold continued its downward movement on Monday, falling $11. Currently, according to the price position in the 4-hour chart, gold has stopped at the 1727 range, and any price increase towards the resistance range of 1745 is a selling opportunity.

The euro lost 1% of its value on the first day of the week and was at its lowest price level in the last twenty years. Currently, according to the price position in the daily chart, the currency pair is in a downward channel, and any price increase towards higher levels is a selling opportunity. According to the price position in 2002, the range of 0.97625 is the most important leading support range.

Click Here To Download Report