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CMS Daily Market Report 23rd November 2022

In yesterday’s report, we warned about the readiness of gold to reduce the price towards the 1725 range. According to analysis, gold rose to the 1749 range on Tuesday but is now in the 1735 range with sellers dominating this range.

After three consecutive days of downtrend, the euro gained 0.60% on Tuesday and closed the day in the 1.03026 range. Now, according to the technical position of the euro in the 4-hour chart, the currency pair is in the range of the short-term resistance trend line and there is a possibility of starting a new downward wave towards the range of 1.01864.

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