Highlight fundamentals
• War conditions push gold to close at +5.20!! Even though the dollar is strong, the economy numbers are strong!!
• Last night, gold was sold down to a low of $1,972 after the United States revealed good economic numbers. Almost the entire panel was higher than expected. GDP Q3/23 grew 4.9%, the strongest in nearly 2 years. Durable goods orders and home sales waiting to close Make the dollar stronger Come back and put pressure on gold. Only those applying for unemployment benefits climbed to 210,000.
• However, after that gold had buying pressure pushing up the price again. Can go back and close positive. After the Hamas statement At least 50 hostages are claimed to have been killed in Israeli airstrikes. Safe purchasing power So they came in to push up the price.
Advice
• The price tries to consolidate at a high level. The support zone is 1,971-1,953 dollars per ounce. If you can stand, there is a chance of a short-term rebound.
• Recommend opening a buy position to make short-term profits. If the price does not break the support level in the said zone.
• Wait to close the buy position to take profit. If the price cannot rise above the resistance zone of 1,997-2,013 dollars per ounce.
• With a buy position to cut losses if the price falls below 1,953 dollars per ounce.
This article was produced by YLG Bullion International.
For more information, contact 02-687-9888 press 1 or website ylgbullion.co.th
2023-10-27 03:45:26
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