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Gold price trend 22 Nov. 2023, there is selling pressure to make a profit.

pricegoldRising +20.6 dollars, accounting for +1.04%, closing the market at 1,997 dollars, with selling pressure to take profit.

Gold spot

Max – $2,007
Lowest – $1,977

Maximum – 33,150 baht
Lowest – 33,050 baht

Analysisgold price trendsHua Seng Heng Gold Futures Company Limited reports that an overview of past movements

gold priceRising past 2,000 dollars from 10-year US Bond yields falling to 4.4%, expecting the Fed to end the cycle of raising interest rates. Meanwhile, the minutes of the meeting dated 31 Oct. – 1 Nov. indicate that the Fed sent a signal to raise interest rates again. If the mission to control inflation does not meet the target As for the SPDR fund Holding the same amount of gold

Economic numbers to follow

Tonight the US will release the number of weekly jobless claims. Durable goods orders in October and the November Consumer Confidence Index from the University of Michigan.

Gold price analysis

The short-term trend of gold prices is expected to start selling for profit. But it is expected to be a correction to continue rising. Support levels are 1,990 dollars and 1,980 dollars. Resistance levels are 2,000 and 2,009 dollars.

World gold price

Support 1,990 and 1,980 dollars
Resistance 2,000 and 2,009 dollars

Recommend buying when the gold price drops to the $1,980 area, with a selling point to cut losses at $1,970.

Price of 96.5% gold bars

Support level 33,150 and 33,050 baht
Resistance levels 33,250 and 33,350 baht

Foreign gold prices tend to increase while the baht slows down in appreciation. Buy at the gold bar price of 32,700 baht.

2023-11-22 01:44:00
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