gold price today The market opened, raising another 300 baht, following spot gold running over $ 1,900 / ounce. Investors also flocked to buy safe assets. The effect of bank closures in the United States
The Association of Gold Traders When announcing the domestic gold price today (March 14, 2023) jumped 30 baht, according to the spot market, running through $ 1,900 / ounce. while the baht appreciates slightly Markets are still worried about US bank closures Investors are flocking to buy safe assets.
- Gold bars buy back 31,700.00 baht / gold baht and sold out 31,100.00 baht / gold baht
- Gold ornaments buy back 30,441.28 baht/gold baht and sell 31,600.00 baht/gold baht
domestic gold Refer to the spot market at $1,905.00/oz. and based on the Thai baht, 34.55 baht / dollar
Gold futures continued to soar since Friday.
Hua Seng Heng gold shop gold, gold market trends moving up But warn investors to be careful. After the spot gold price stood above $1,900, the baht was stable at 34.50, bringing Thai gold to nearly 31,000 baht.
Credit Suisse is likely to be the first major bank to go bankrupt due to a chain of liquidity shortages. Sending the spot gold price to soar above $1,900, in just 3 working days, the gold spot price has risen about $100 as the number one safe-haven asset instead of the dollar. As the Fed committee begins a quiet period of comments and interviews before the monetary policy meeting 21-22 March, it will be difficult to explain for the rest of this week until early next week whether there will be any important measures to prevent another economic crisis or Hard Landing or not, the SPDR Gold Trust Fund has a net purchase of 11.85 tonnes, and currently holds a total of 913.27 tonnes of gold.
Economic numbers to follow Tonight, the United States will release the Consumer Price Index (CPI) for February It is worth watching if it surprises with a rebound like the PCE.
gold price trend The particular sensitivity of market investors led spot gold prices to break through the $1,900 level with a bearish diversion signal. and if it is normal the price will fall into a correction soon. which is technically The price still has a chance to continue rising with negative news. But the transmission power will be reduced.
Therefore, speculative trading involves more risks and less potential gains. For today, the support is at $1,888 and $1,872 and the resistance is at $1,921 and $1,932.
world gold price
- Support 1,888 and $1,872
- Resistance 1921 and 1932 dollar
96.5% gold bar price
- Support 30,850 and 30,550 baht
- Resistance 31,400 and 31,600 baht
GOLDEN FUTURE (GF10J23)
- Support 31,290 and 31,140 baht
- Resistance 31,560 and 31,650 baht
investment adviceI buy when the spot gold price falls to the support level of $1,888 (GF 31,290 baht) with a sell stop loss at $1,872 (GF 31,140 baht).
GOLD FUTURE ONLINE (GOH23)
- Support 1,893 and 1,877 dollars
- Resistance 1926 and 1937 dollar
investment advice recommend buying When the price of the GOH23 contract fell to the area of $ 1,893, with a stop loss sale of $ 1,877.
USD FUTURES (USDH23)
- Support 34.20 baht
- Objection 34.80 baht
investment advice The baht strengthened yesterday. because the dollar is weak In the case of SVB’s collapse, the market lowered the view of the Fed raising interest rates. The Fed is expected to raise interest rates by 0.25% at its meeting next week. The Thai baht is expected to appreciate, with the USDH23 contract resisting 34.80 baht/dollar while finding support at 34.20 baht/dollar.
THE FUTURE OF ONLINE MONEY (SVFH23)
- Support $21.1
- Resistance $22.0
investment advice The price of silver rose sharply and managed to break through the 200 day EMA. and expects that the price of silver will continue to rise By opening a buy position on the SVFH23 contract at $21.1, which has support at $21.1 and resistance at $22.0.
