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CMS Daily Market Report 26th July 2022

 

Gold rose to the 1736 range on the first day of the week, but with the pressure of the sellers in the resistance trend line range, it decreased by 0.45% at the end of the day and closed in the 1719 range. The price position in the 4-hour chart shows that the sellers are ready to start a new downward wave.

Silver has fluctuated in the range of 18.34 to 18.95 in the last few days and has formed a sideways trend in this range. Now, according to the price position in the 4-hour chart, the possible reaction of the price to the levels of 18.34 and 18.95 will determine the direction of silver’s next move.

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