Hua Sheng Heng sees the trend of gold price technical recovery. Gold prices fell -$10.27 (-0.54%) to close the market at $1,864.
The technical price of gold is in decline. Gold prices continued to hit new lows. But today, a technical recovery is expected as technical instruments start showing oversold signals. Support levels are at $1,857 and $1,850, while resistance levels are at $1,870 and $1,880.
Cold Spot
Maximum – $1,979
Minimum – $1,957
Gold bullion price
Maximum – 32,650 baht
Minimum – 32,600 baht
Gold also fell below $1,866. US bonds rose to a 16-year high.US GDP expanded 2.1% in the second quarter, slightly less than the market had expected. And the number of applications for jobless benefits rose by 2,000 to 204,000, below the market level of 214,000, while the central bank governor sent no signal about the direction of interest rates. The SPDR fund held gold as before.
Economic numbers The US will release the Personal Consumption Expenditure (PCE) price index for August. The market is expected to increase by 0.2% from a 0.2% monthly increase. Or a 3.9% increase from a 4.2% year-over-year increase.
World gold price
Support is at $1,910 and $1,900
Resistance is at $1,926 and $1,930
We recommend selling the gold price at around 1,880 dollars, with a sell point to cut a loss of 1,890 baht.
Price of 96.5% gold bullion
Support level is 32,750 and 32,650 baht
Resistance levels are at 32,900 and 32,950 baht
Foreign gold prices continue to decline. Meanwhile, the baht depreciated. We recommend waiting to buy again.
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