Strategy | Play against natural opposition
Resistance | $2,540 or 41,200 baht
Support |. $2,470 or 40,700 baht
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Message:
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From the gold dot situation that hit a new high last Friday. Gold makes it difficult to find a reference resistance level, but we still have some indicators that can indicate natural resistance levels, such as the Fibonacci, the next resistance we see if we bounce back is in the $2540/oz area.
This is in line with the dollar, which has continued to fall over the past week, with gold rising sharply. Including a monetary policy that tends to lower interest rates several times. This year it is expected to be reduced by 4 times, on the other hand, the war between Israel and Iran is still not resolved. Although the United States came to mediate in the mediation.
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Gold Analysis:
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In the short term, Thai gold prices are likely to have a trend towards upward pressure on the baht, as a weakening dollar will send the gold spot higher, but at an equally intense rate, pressure on the baht, so Thai gold may rise slightly more slowly. But it will also be safe.
strategy :
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Recommended: Wait for gold to drop to $2,470, with Thai gold holding support at 40,700 baht and selling at 41,200 baht for a while.
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