The price of gold dropped by $10.11, representing a decrease of 0.52%, as the market closed at $1,914. Tonight, the United States will release the consumer price index (CPI) for July.
A Dip in Gold Prices
- Highest: $1,932
- Lowest: $1,913
- Highest (in Baht): 31,950
- Lowest (in Baht): 31,900
In an analysis of gold price trends, Hua Seng Heng Gold Futures Co, Ltd stated that gold prices have fallen for the third consecutive day, reaching their lowest point in almost a month. This drop occurred as investors eagerly awaited the release of the US CPI today. The SPDR funds, which play a role in determining Fed interest rates, sold 0.31 tonnes of gold.
Upcoming Economic Figures
Tonight, the US will unveil the consumer price index (CPI) for July. Market experts predict a 0.2% month-on-month increase, equivalent to a 3.3% year-on-year increase. Additionally, the market anticipates a 4,000 rise in weekly unemployment benefit claims.
Gold Price Analysis
Based on the Three Black Crows candlestick pattern, gold prices are expected to decline. Support levels are projected at $1,910 and $1,900, while resistance levels are at $1,930 and $1,940.
Global Gold Prices
- Support: $1,910 and $1,900
- Resistance: $1,930 and $1,940
We advise opening a sell position at a price of $1,930, with a stop loss at $1,940.
Price of 96.5% Gold Bars
- Support: 31,800 and 31,700 baht
- Resistance: 32,000 and 32,100 baht
While foreign gold prices are trending downwards, the depreciation of the baht has increased the price of gold domestically. It is suggested that for short-term investments, gradual selling with profit-taking is recommended, followed by waiting for a new round of buying.
Gold prices fell (-10.11) dollars, representing (-0.52%), closing the market at $ 1,914, tonight the United States will release the consumer price index (CPI) for July.
A spot of gold
Highest – $1,932 Lowest – $1,913 Highest – 31,950 Baht Lowest – 31,900 Baht
Analysis of gold price trends, Hua Seng Heng Gold Futures Co, Ltd said that an overview of past movements Gold prices fell for a third straight day, hitting their lowest point in nearly a month as investors waited for the US CPI to be released released today. As a factor in the direction of Fed interest rates, the SPDR funds sold 0.31 tonnes of gold.
Economic numbers to follow
Tonight, the US will release the consumer price index (CPI) for July, and the market is expected to increase by 0.2% month-on-month. or an increase of 3.3% year on year and the number of weekly unemployment benefits The market expects an increase of 4,000.
gold price analysis
Gold prices expected to fall After the Three Black Crows candlestick pattern, the support is at $1,910 and $1,900 and the resistance is at $1,930 and $1,940.
world gold price
Support $1,910 and $1,900 Resistance $1,930 and $1,940
It is recommended to open a sell position at the price $1,930 with a stop loss at $1,940.
96.5% gold bar price
Support 31,800 and 31,700 baht Resistance 32,000 and 32,100 baht
Foreign gold prices have a downward direction. But the depreciation of the baht increased the price of gold in the country. If a short term investment it is recommended to sell gradually and take some profit. and wait for a new round of buying
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