Gold price 26 March 2024, swing 2,167 – 2,180 dollars.

Gold rose +7.75 dollars, up 0.35%, to close the market at $2,172. In the short term, gold prices are expected to move within a narrow range.

A place to stay

  • Maximum – $2,181
  • Low – $2,163
  • Maximum – 37,400 baht
  • Minimum – 37,350 baht

Analysis of Gold Price Trends by Hua Cheng Heng Gold Futures Co., Ltd. provides an overview of past movements. Gold prices have recovered slightly. After 2 straight days of decline, the dollar weakened and gold rose. After the US revealed new home sales in February. The market is worse than expected and this is worse than the previous number. However, investors will watch the release of the US PCE index for February on Friday. The SPDR fund holds the same amount of gold as before.

Economic numbers to follow

Tonight the US will reveal February durable goods orders. The Consumer Confidence Index rose 1.2% from a 6.2% decrease in January and March. According to the Conference Board, the market is expected to increase to 106.9 from 106.7 in February.

Gold Price Analysis

In the short term, gold prices are expected to move within a narrow range of $2,167-$2,180 by mid-day. Meanwhile, technical signals of gold prices indicate a downward correction from the MACD, where the MACD line crosses below the signal line and modified stochastic where %K crosses %D.

World gold price

  • Support levels are at $2,167 and $2,160
  • Resistance is at $2,180 and $2,185

Recommend trading according to the structure at $2,180 by placing a sell position at $2,185 or waiting to buy at $2,180 with a stop loss at $2,150 at the $2,160-2,167 support level.

Price of 96.5% gold bullion

  • Support level is 37,300 and 37,200 baht
  • Resistance levels are at 37,450 and 37,500 baht.

Spot gold prices are rebounding, but the pot is starting to strengthen slightly. Will the rate cut come as the market watches the absence of fresh factors? At the MBC meeting held on April 10, it was recommended that if buying bullion, use a wait-and-see strategy first.

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