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CMS Daily Market Report 25th July 2022

 

AAccording to the analysis, gold decreased to the 1681 range last week, but with the pressure of buyers in this range, it grew by 1.18% at the end of the week and closed at the 1727 range. Now, according to the price position in the 4-hour chart, if the price crosses the short-term resistance line, the path will be prepared to increase the price towards the 1765 range, which is an opportunity to sell.

According to the analysis, the euro gained 1.26% last week after three consecutive weeks of downward movement and closed the week in the range of 1.2151. Now, according to the price position in the 4-hour chart, there is a possibility of continuing the correctional movement of the price towards the range of 1.04035; Selling in this resistance range is a good option.

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