Hua Shengmeng sees gold price technical rebound trend The price of gold dropped -10.27 dollars, accounting for (-0.54%), closing the market at 1,864 dollars.
The technical price of gold is in a downtrend. After the price of gold continued to drop to new lows. But today, a technical rebound is expected as technical instruments begin to show oversold signals. Support levels are 1,857 and 1,850 dollars, resistance levels are 1,870 and 1,880 dollars.
GOLD SPOT
Max – $1,979
Lowest – $1,957
gold bar price
Maximum – 32,650 baht
Lowest – 32,600 baht
The price of gold has also fallen below $1,866 as the US bond yield surged to the highest in 16 years. The US has revealed that US GDP in the second quarter expanded 2.1%, slightly lower than the market expected. And the number of applications for unemployment benefits increased by 2,000 to 204,000, lower than the market level of 214,000, while the Fed chairman did not send any signals about the direction of interest rates. The SPDR fund held gold as before.
Economic numbers The United States will release the personal consumption expenditures (PCE) price index for August. The market is expected to increase 0.2% from a 0.2% month-on-month increase. or an increase of 3.9% from an increase of 4.2% year-on-year.
World gold price
Support 1,910 and 1,900 dollars
Resistance 1,926 and 1,930 dollars
Recommend selling the gold price around 1,880 dollars, with a selling point to cut losses at 1,890 baht.
Price of 96.5% gold bars
Support level 32,750 and 32,650 baht
Resistance levels 32,900 and 32,950 baht
Foreign gold prices have continued to decline. Meanwhile, the baht depreciated. Recommend waiting to buy again.
2023-09-29 02:35:28
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