pricegoldDown for the 4th day, gold market trends Sideways down tonight, the United States will release the Consumer Confidence Index for July by the Conference Board.
trend analysisgold priceHua Seng Heng Gold Futures Co., Ltd. reported that gold priceDeclining for the fourth day, pressured by a strong dollar and rising US bond yields. After the US released the US manufacturing PMI in July better than expected, but the US services PMI in July was lower than expected. However, the price of gold did not drop much. As investors keep an eye on the US Federal Reserve (Fed) meeting this week, the SPDR fund holds the same amount of gold.
Economic numbers to follow
Tonight, the United States will release its July consumer confidence index. By Conference Board, the market is expected to rise to 112.1 from 109.7 in June.
Spot gold price trend is expected to move sideways down, the Modified Stochastic technical instrument signaled to sell last Friday. For the short term, gold has support at $1,950 and $1,940, while resistance is $1,964 and $1,970.
world gold price
Support $1,950 and $1,940 Resistance $1,964 and $1,970
96.5% gold bar price
Support 31,900 and 31,800 baht Resistance 32,050 and 32,100 baht
GOLD FUTURES (GF10Q23)
Support 32,020 and 31,910 baht Resistance 32,200 and 32,250 baht
investment advice
Recommend a speculative buy around the price of $ 1,950 (GF 32,020 baht) with a sell stop loss point at $ 1,940 (GF 31,910 baht).
GOLD ONLINE FUTURES (GOU23)
Support $1,975 and $1,965 Resistance $1,989 and $1,995
investment advice
Recommend a speculative buy at $1,975 with a sell stop loss of $1,965.
USD FUTURES (USDU23)
Support 33.90 baht Resistance 34.60 baht
investment advice
baht depreciation While postponing the vote for the Prime Minister until a diagnosis is made In the short term, the baht is expected to depreciate within a limited range, with USDU23 contract having resistance at 34.60 baht/dollar while having support at 33.90 baht/dollar.
SILVER ONLINE FUTURES (SVFU23)
Support $24.50 Resistance $25.50
investment advice
The price of silver has continued to fall sharply. It is expected that the price of silver metal will continue to decline. By opening a short position, the SVFU23 contract is at $ 25.50, which has support at $ 24.50 and resistance at $ 25.50.
2023-07-25 03:19:00
#Gold #price #trend #Jul #Sideways
