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CMS Daily Market Report Wednesday 25/01/2023

Key levels: support 1804, 1836, 1862, 1872, 1896, 1910, 1930 resistance 1955, 1975

In yesterday’s report, we warned about buying in the 1912 range.

According to the analysis, gold fell to the 1911 range on the first day of the week but closed at the 1936 range at the end of the day with buyers supporting this range.

Currently, according to the price position in the 4-hour chart, buying in the range of 1930 is a low-risk option, and the way to continue the upward movement towards the levels of 1955 and 1975 is available.

According to the analysis, supported by buyers in the 1.2169 range, the pound gained 0.75% and is now in the 1.2312 range. According to the price position in the 4-hour chart, buying in the range of 1.2266 is a low-risk option and the way to continue this upward wave towards the range of 1.2490 is available.

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