2023-05-26 03:06:00
Foreign gold seems to be able to run far. But Thai gold is pressed by the baht, market trendsgoldSlightly recovered at $1,930.
trend analysisgold price Hua Seng Heng Gold Futures Co., Ltd. reported that gold price The spot last night dropped below the key $1,950 support as investors bought the greenback as a safe-haven currency. This pushed the dollar to the highest level in two months on concerns regarding the US debt default. After negotiations to raise the debt ceiling of the United States continued to protract. The White House and Congress differ on some issues. While there are still a few days left before the deadline on June 1, including Monday, May 29 will be Memorial Day, which is a US holiday, the SPDR Gold Trust fund holds the same amount of gold.
Economic numbers to follow
Tonight, the United States will release its core personal consumption expenditure (PCE) price index for April. The market is expected to increase 0.3% month-on-month from a 0.3% month-over-month increase. or a 4.6% increase year-on-year from a 4.6% increase year-on-year. reflecting stable inflation Durable goods orders rose in April. The market is expected to drop 1.0% from a 3.2% gain in March and the University of Michigan’s May Consumer Confidence Index. The market is expected to increase to 58.2 from 57.7 in April.
After the price of gold fell off the key support at $ 1,950, there is a chance that the price of gold will continue to decline to the area of $ 1,930-1,933. also give more weight to focus on the sales side In the short term, gold has support at $ 1,930 and gold prices have the next support at $ 1,920, and resistance is at $ 1,950 and $ 1,970.
world gold price
- Support 1930 and 1920 dollars
- Resistance 1950 and 1970 dollars
96.5% gold bar price
- Support 32,000 and 31,900 baht
- Resistance 32,250 and 32,400 baht
GOLD FUTURES (GF10M23)
- Support 32,070 and 32,000 baht
- Resistance 32,240 and 32,390 baht
investment advice
Recommended to open a sell position around the price of $ 1,970 (GF 32,390 baht) with a stop loss stop at $ 1,980 (GF 32,460 baht).
GOLD ONLINE FUTURES (GOM23)
- Support 1,942 and 1,932 dollars
- Resistance 1962 and 1982 dollars
investment advice
Recommended to open a sell position at the price of $ 1,982 with a stop loss stop at $ 1,992.
USD FUTURES (USDM23)
- Support 34 baht
- Resistance 34.8 baht
investment advice
The baht is depreciating which depreciated along the regional direction After the dollar strengthened from concerns regarding the US debt ceiling. The baht is expected to weaken further, with the USDM23 contract having resistance at 34.8 baht/dollar while having support at 34 baht/dollar.
SILVER ONLINE FUTURES (SVFM23)
- Support $22.5
- Resistance $23.7
investment advice
The price of silver continued to decline. However, it is expected that the price of silver will continue to decline. By opening a short position, the SVFM23 contract was at $ 23.7, support at $ 22.5 and resistance at $ 23.7.
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