Notice gold swings within the frame, waiting for new factors. The baht was in line at 33 baht per dollar. Thai gold can only touch 30,000 baht per gold baht.
Gold price analysis, Hua Seng Heng Gold Futures Co, Ltd said that spot gold prices have stabilized, waiting for new factors after yesterday morning, the Chinese authorities announced a number of economic indicators that were better than’ r expected. But it shows a decline in the overall economy. China’s emerging population fell to a 60-year low, while the US nightly manufacturing index in the New York area was worse than expected. As a result, the SPDR Gold Trust gold fund reduced its holdings with a net sale of 2.90 tonnes, with a total of 909.24 tonnes of gold currently in the portfolio.
Economic numbers to follow
Tonight the United States will report the Producer Price Index for December, which is expected to fall from the previous month. This puts less pressure on the Fed to raise interest rates. Although retail sales for December will come out quite worse. That would increase the pressure on the Fed to start considering ways to cut interest rates to prevent a recession.
gold price trend
Spot gold prices held steady above the $1,900 level, technical signals on the daily chart continued to look stagnant. But for the hourly chart, it is ready to support the price to go up at any time. Causing the price to be in the range of a short-term swing between $ 1,900-1,930. For today, the support is estimated at $1,900 and $1,893 and resistance is at $1,918 and $1,922.
world gold price
- Support levels $1,900 and $1,893
- Resistance 1918 and 1922 dollars
96.5% gold bar price
- Support 29,600 and 29,450 baht
- Opposition 29,900 and 29,950 baht
GOLDEN FUTURE (GF10G23)
- Support 29,860 and 29,770 baht
- Resistance 30,140 and 30,220 baht
investment advice
Open a buy position when the spot gold price has fallen to the support area of $1,900 (GF 29,860 baht), with a sell point to break loss at $1,893 (GF 29,770 baht).
GOLD FUTURE ONLINE (GOH23)
- Support 1920 and 1913 dollars.
- Resistance 1938 and 1942 dollars
investment advice
Open a buy position when the GOH23 contract price has fallen to the $1,920 area, with a sell stop loss of $1,913.
USD FUTURES (USDH23)
- Support 32.40 baht
- Objection 33.20 baht
investment advice
The baht depreciated to 33 baht/dollar yesterday. However, in the short term, the baht tends not to depreciate much. For USD futures in March 2023, during the day there is support at 32.40 baht / dollar, while resistance is at 33.20 baht / dollar.
THE FUTURE OF ONLINE MONEY (SVFH23)
- Support $23.80
- Resistance $25.00
investment advice
Silver prices moved in a narrow range. In the short term, the silver price is expected to move sideways with support at $23.8 and resistance at $25. Recommend opening a position: buy SVFH23 at the price $23.8, with a sell stop loss at $23.7.
