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CMS Daily Market Report 8th September 2022

 

Gold rose 0.97% on Wednesday and ended the day in the 1718 close range. Currently, according to the price position in the 4-hour chart, the 1718 range is the most important leading resistance range, and selling in this range is a low-risk option.

After two consecutive days of downtrend, the euro gained more than 1% on Wednesday and closed the day in the 1.00072 range. Now, according to the price position in the 4-hour chart, the currency pair has crossed the range of the resistance trend line and there is a possibility of continuing the corrective movement towards the range of 1.01114, which is an opportunity to sell.

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