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CMS Daily Market Report Friday 27/01/2023

Key levels: support 1804, 1836, 1862, 1872, 1896, 1905 resistance 1936, 1955, 1975

Coinciding with the US dollar GDP news, gold on Thursday stopped at the 1949 range and fell 0.88% after three consecutive days of uptrend.

Now, according to the price position in the 4-hour chart, the 1920 range is the first leading support range; If the price closes below the level of 1920, the way will be prepared to continue the corrective movement towards the range of 1905.

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