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CMS Daily Market Report 24th June 2022

 

Now considering the price position in the 1-hour chart, buying in the 1830 range is a low risk option. Given the technical position of gold in the daily chart, the 1870 and 1818 ranges are the most important leading trading levels and the possible price reaction to these levels will determine the next direction of gold.

According to the analysis, silver rose to the range of 21.44 on the second day of the week, but with the pressure of sellers in this range, silver is now in the range of 21.30. Given the price position in the 4-hour chart, there is a possibility of further downward movement towards the bottom of the downtrend channel.


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