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Daily Gold Futures (24 August 2022)

Gold Online (GOU22)

Yesterday, GOU22 rebounded. by swinging down to the lowest point at 1738.1, alternating back up to the highest point at 1760.5 and closing at 1753.9

Gold online trends: may rebound which may bounce up to test resistance 1768/1783, switch to slow down to support 1748/1728

strategy: It is recommended to open a short GOU22 contract at resistance 1768 and close a position at support 1748/1728 (Stop loss at 1783).

For those who opened a short GOU22 contract at resistance 1758 yesterday, close positions at support 1748/1728 (Stop loss at 1773).

Gold Futures (GF10Q22)

Yesterday, GF10Q22 rebounded, slowing down to a low of 29,790, alternating rebounding to a high of 30,030 and closing at 29,970 (world gold price at 1740 USD/oz.) Baht/USD at 36.09 baht/dollar and Basis contract GF10Q22 at 10 baht, equal to 29,859 baht)

Gold Futures Trends: Assess GF10Q22 may bounce to a limited extent which may bounce firewood up to resistance 30,200/30,450 alternating downward swing 29,850/29,500

strategy: It is recommended to open a short GF10Q22 contract at the resistance 30,200 and close the position at the support level. 29,850/29,500 (Stop loss at 30,450)

For those who opened a short GF10Q22 contract at the 30,030 resistance yesterday, close the position at the support level. 29,850/29,500 (Stop loss at 30,250)

PS. The GF10Q20 contract will expire on August 30.

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