Table of Contents
Strategy: Sideway
Front: $ 3,310 or 51,000 baht
Resistance: $ 3,400 or 51,700 baht
news :
.
Thong has continued to rise since Friday. After the announcement of Nonfarm Payroll, only 73,000 positions in July. Along with releasing the head of the Labor Statistics Office And the resignation of the Fed branch governor Create uncertainty and increase the opportunity to reduce interest in September. This situation pushes more investors to hold gold.
.
Gold analysis:
.
Europe postponed the enforcement of the US tax response for 6 months from 7 Aug after achieving trade agreements with Trump on July 27 to collect 15% tax per product from Europe. And canceled some US taxes in Europe With a power purchase plan in the United States of 7.5 billion dollars Sliding helps to temporarily relieve the US trade pressure.
Trump prepares to increase the additional Indian export tax. Even though it has just increased 25% imported tax, which is the highest in the big economy. After accusing India to buy – sell Russian oil India retali that it is unfair and confirms to protect the national interests. This tension occurred before the deadline, 8 Aug, which the United States sets Russia to stop shooting. And threatening to boycott the country that bought Russian oil Resulting in pressure on the Indian stock market And is a positive effect on the price of gold
.
strategy :
.
Technical trends The hourly gold chart ripped up in the SIDEWAY frame with an important resistance at $ 3,400 and has an important support in the $ 3,310 graph. There is a chance to stay down to the EMA50 line and the support line $ 3,310. Wait for the rhythm to buy $ 3,310 = 51,100 and sell at a profit at $ 3,400 = 5100 = 5100.
.
#The news of economic numbers #intergold #Inter Gold #Gold investment #The gold price today #Gold bar #Gold bar
Interested in opening a gold trading account: Click
