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CMS Daily Market Report 2nd November 2022

 

According to analysis, gold fell 1.14% on Friday and closed at 1644 closes on Friday. Currently, the price position in the daily chart shows that the sellers are ready to start a new downward wave and cross the support area of 1622. If the price closes below the level of 1622, the way will be prepared for the start of a new downward wave towards the range of 1576 .

The euro rose to the 0.99540 range on Tuesday but ended the day closing in the 0.98740 range as sellers pressured the range. Currently, the price position in the 4-hour chart shows that the sellers are ready to cross the support area of 0.98650 and continue the downward movement towards the area of 0.98240 .

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