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CMS Daily Market Report 9th November 2022

 

According to analysis, gold rose more than $37 on Tuesday and closed the day in the 1712 range . Now, due to the dominance of buyers in this range, any decrease in price towards lower levels is a buying opportunity and the path for price increase towards 1732 range is available. The possible reaction of sellers in the range of 1732 is important .

Now, according to the price position in the 4-hour chart, any drop in the price towards the 1.1497 range is a buying opportunity, and the way to continue the upward movement towards the 1.1740 range is available . Considering the importance of the resistance range of 1.1740, the possible reaction of sellers in this range is important .

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