InterGOLD Weekly News: Gold Market Update and Price Analysis

Описание: In this episode of InterGOLD Weekly News, we summarize the latest gold news and price movements. The gold price has been intriguing as it managed to sustain above the $4,000 per ounce level. The market has been consolidating, indicating a potential new direction. Analysts predict a possible uptrend in the next two weeks, especially if the price can firmly hold above $4,130.
News factors from the past week were not significant, with the main focus on the Supreme Court case regarding former President Trump's tax authority and the Government Shutdown situation in the US. While these events may impact the economy, their effect on gold is limited. Gold traders are awaiting fresh news that could provide clearer market direction, such as the Supreme Court's decision or the upcoming CPI data release.
In the short term, gold prices are in a confirmation phase for an upward trend. Investors should wait for a price close above $4,130 (approx. 62,800-63,000 baht) to confirm a bullish signal. If this happens, we may see a strong rebound in mid-to-late November. However, if prices fail to hold and retreat, key support levels are at $3,900 (approx. 60,000 baht) and $3,800-3,700 (approx. 59,000-58,000 baht). Risk-averse investors should prepare to buy around these levels once the weekly candlestick clearly closes positively again, to increase confidence and reduce risk from market volatility.