gold price today The market closed, moving up 100 baht. Foreign prices fluctuated in a narrow range, waiting for new factors, while the baht caused domestic prices to rise
Gold Traders Association In announcing the domestic gold price today (May 30, 2023), the market closed, increasing by 100 baht, with the US market closed on Memorial Day, making trading light. but the baht devalued causing domestic prices to rise
- Gold bars buy back 32,000.00 baht / gold baht and sold out 32,100.00 baht / gold baht
- Gold ornaments buy back 31,426.68 baht/gold baht and sell 32,600.00 baht/gold baht
domestic gold Based on the spot market at $1,953.50 / ounce. and based on the Thai baht, 34.74 baht / dollar
Gold futures went above $1,960/oz.
Global gold prices moved narrowly, hovering around a two-month high amid optimism over talks to raise the US debt ceiling. Although the market expects the Federal Reserve (Fed) to continue raising interest rates at its mid-month meeting.
Spot gold was down 0.20% at $1,941/oz. Gold futures were down 0.2% at $1,960 an ounce. It was near the lowest level since mid-March.
Gold prices today “adjusted”, moving in a narrow frame – the progress of the US debt negotiations
The baht is appreciating today, easing concerns about expanding the debt ceiling taking profit dollars
Spot gold prices recovered late in Asian markets.
Hua Seng Heng gold shop Look at the downward trend in gold prices. Gold continues to fall to its lowest level in two and a half months.
Midday spot gold prices continued to slide to their lowest levels in two and a half months as investors eased concerns and remained optimistic about the prospect of a bill raising the debt ceiling. Which Congress will vote on Wednesday. At the same time, the market is weighing more on Fed rate hike expectations. Therefore, it is a negative factor for gold prices to continue to fall continuously.
Economic numbers to follow
Tonight, the US will release its May consumer confidence index. According to the Conference Board, the market is expected to fall to 99.1 from 101.3 in April.
gold price trend
Gold spot technical price trend is bearish. Although technically, the RSI has not indicated that it is oversold yet. causing a short-term trend to continue to decline In the short term, gold has a support line of $1,930 (GF 32,070 baht) and $1,920 (GF 31,950 baht), and resistance of $1,950 (GF 32,240 baht) and $1,960 ( GF 32,370 baht) For Gold Online In the future, there is a support line of $ 1,940 and $ 1,930, while there is resistance of $ 1,960 and $ 1,970.
investment strategy It is recommended to open a sell position, notice the price of gold around $ 1,950 (GF 32,240 baht), with a sell point to cut a loss at $ 1,960 (GF 32,370 baht).
Investing in Gold Online, it is recommended to open a short position at the GOM23 contract price in the area of $1,960, with a stop loss stop at $1,970.
world gold price
- Support 1930 and 1920 dollars
- Resistance 1950 and 1960 dollars
96.5% gold bar price
- Support 31,900 and 31,800 baht
- Resistance 32,100 and 32,200 baht
