Hua Sheng Heng gave the gold market trend as Sideways up, with the gold price increasing +3.3 dollars, accounting for +0.16%, and closing the market at $2,043.
Gold spot
Max – $2,051
Lowest – $2,035
gold bar price
Maximum – 33,600 baht
Lowest – 33,550 baht
Overview of past movements Gold prices rose for the fifth consecutive day as US bond yields continued to decline. After the release of the US GDP for the third quarter expanded 5.2%, more than the market expected a 5% expansion. Investors kept an eye on the release of the US Personal Consumption Expenditures (PCE) price index to find out the direction of US interest rates. The SPDR fund sold 2.02 tons of gold
Economic numbers to follow Tonight the US will release the Chicago Area PMI for November. The market is expected to increase to 46.0 from 44.0 in October and the number of home sales contracts awaiting closing in October. The market is expected to decline 1.9% from 1.1% in September.
Analyzing the gold price, the gold price trend has begun to move sideways up after a hot increase. There is still important resistance at $2,050 and support at $2,035 and $2,020.
World gold price
Support levels 2,035 and 2,020 dollars
Resistance 2,050 and 2,060 dollars
Recommend buying when the gold price drops to the $2,020 area with a loss-selling point at $2,010.
Price of 96.5% gold bars
Support level 33,550 and 33,400 baht
Resistance levels 33,700 and 33,800 baht.
International gold prices have increased. But the baht strengthens Buy at the gold bar price area of 33,300 baht and 33,100 baht.
2023-11-30 00:14:00
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