Strategy |.
Resistance | 2,475 or 41,100 baht
Support |. $2,440 or 40,650 baht
.
news:
.
The latest US inflation has slowed. As a result, the stock market has become lively again. Gold’s position was the same as before, bouncing up and not passing the important resistance level at $2,475 before changing to a support area of $2,440 – $2,450. Because the fundamentals continue to support the depreciation of the dollar in the long term. That is, it is positive for gold.
The value of the baht
Today, after the stock market opens at 10:00 am onwards, you may need to monitor the movement of the baht. Since today is the second day after the Prime Minister and the Cabinet was removed from the situation This may cause the value of the baht to change. From changing the prime minister and choosing a new cabinet If everything goes well, the baht will return to strength according to the original trend. But if there is still uncertainty, the baht may weaken in the short term. The downside target is 35.35.
.
Gold analysis:
The $2440-$2450 zone is considered to be an important technical support. Wood can be shared and bought here. Hope gold continues to rise
– The weekly and monthly outlook is very positive for gold. You get the opportunity to short and store throughout the support level or if you find the right price.
technique :
.
Buy at the $2,440 – $2450 support area and sell to take some profit when the price bounces back to $2,475 around 43,000 – 44,000 baht.
.
#Economic news #InterGOLD #InterGold # Invest in gold bars #Gold price today #gold bars #gold price bars
Are you interested in opening a gold bullion trading account: click
2024-08-15 03:51:21
#Gold #price #analysis #August #InterGold
