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CMS Daily Market Report 27th July 2022

 

According to the analysis, gold stopped at the 1728 range on Tuesday and declined to the 1713 range. Currently, the price position in the daily and 4-hour chart shows the dominance of the sellers in this range and the continuation of the downward movement.

Now, according to the price position in the 1-hour chart, selling in the range of 1.01560 is a low-risk option, and the way to continue the downward movement towards the range of 1.00500 is available. If the interest rate of the US dollar increases by more than 0.5%, the path will be prepared for the price of the euro to fall below the range of 1.

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