Transcription
Okay, esteemed gold viewers, something is happening with gold, something is happening. Uh, let me start from here. The Shanghai gold market, uh, a major Chinese exchange, has announced that retail investors must close their positions. Uh, frankly, I don't know what they saw, but the overall trend indicates they saw something that caused gold to jump. The trading market isn't afraid of gold going up, nor is it afraid of gold going down. It's afraid of gold, of gold jumping. After October 24th, we have a long holiday. We have a long holiday. Things are getting out of hand. Viewers must manage their positions. If you're trading gold during that period, be very careful. I don't know what's going on, but both America and China are coming together on October 24th. We are on the short side, waiting for the fifth leg of C. But after the fifth leg of C ends, that leg will be difficult to trade in reality because, according to theory, it will be the end of a downtrend if it doesn't form a complex pattern. If it forms a simple pattern, it will be the end of a downtrend. >> Thailand Gold Summit 2026, the biggest gold seminar in Thailand, is now available for rewatch. >> Most people trade gold, 95%. >> Why are they losing money? >> A crisis period is the best time to convert cash into assets that are decreasing in value. >> You can watch the full replay on all Main State Stations. For more details, follow Z Event. [Music] >> Khun Por, can you tell us about gold futures falling by $100 and spot gold falling by about $40-50? What is your view on gold's decline today? >> Okay, actually, with gold, we are already on the short side, and we will continue to be on the short side. For gold, we are still waiting to short when it rises, as usual. Regarding gold, okay, since the previous drop, we viewed it as the start of a downtrend. However, the downtrend has a rather complex pattern. But if we look at it simply, it's A, B, and within C, there are 5 waves: 1, 2, 3, 4. After 1, 2, 3, 4, it has risen to 4, and there is still one more leg down. There is still one more leg down. Therefore, we remain on the short side for gold. We are on the short side, waiting for the fifth leg of C. But after the fifth leg of C ends, that leg will be difficult to trade in reality because, according to theory, it will be the end of a downtrend if it doesn't form a complex pattern. If it forms a simple pattern, it will be the end of a downtrend. We have been on the short side for a long time, but now it's the end of the leg, so we must watch closely to see what happens. Khun Gita, do you have a moment? Let's talk about gold for another 3-4 minutes. >> I'd be delighted, Khun Por. >> Okay, esteemed gold viewers, something is happening with gold, something is happening. Uh, let me start from here. The Shanghai gold market, uh, a major Chinese exchange, has announced that retail investors must close their positions. Close their positions. I must say this is unusual. I must say that the Shanghai Exchange, about a year ago, was determined to become the leader of the global gold trading market. But I must say that forcing closures like this, in 5 years, or frankly, even 10 years, don't expect to be a leader in gold trading if you force people to close their positions. But I believe that the market management must know this. If you force people to close positions, you cannot be the world's leading market. Because when there is such a price, why are they forcing people to close positions on October 24th? Not just China, but Chicago in America is the same. But if we talk about Chicago, CME is very sophisticated. It has more intricate patterns. Instead of forcing closures, they extend the time. Instead of being closed on Saturday and Sunday, they trade 24 hours a day, 7 days a week, trading continuously. On the same day, October 24th. Frankly, I don't know what they saw, but the overall trend indicates they saw something that caused gold to jump. The trading market isn't afraid of gold going up, nor is it afraid of gold going down. It's afraid of gold, of gold jumping. Uh, if I speak in our language, this is Thai gold, Thai gold. Go Online has IM 137,000, 1,500. That's IM. If viewers want to open 1 contract on Go Online, you need to put down 137,550. >> Yes. >> What is that? It's collateral. But the point is, if gold moves $1 and you are right, viewers on Go Online will get 300 baht. If you are wrong, you lose 300 baht. With 137,000, it can support a gold price fluctuation of 485.5 dollars. This means if it jumps more than that, it's difficult. For example, if it jumps 500, if it jumps 500, those who are profitable initially might think it's good, but those who lose money, it's not just losing money, it's also debt. It's debt. The market will pursue them, pursue the debtors to pay. The trading market, tens of thousands of people pursuing them, tens of thousands, it's not a comfortable situation. This is what the market fears. The market doesn't fear falling, it doesn't fear rising, it fears jumps. I think this is what caused China to force retail investors to close and CME to change to 24-hour trading, 7 days a week. Both think gold might have a sharp jump. But in which direction will it jump? Currently, guessing, guessing, guessing that it will likely jump up. Because during the same period, the Chinese central bank is buying gold, buying more gold than usual. Currently, I'm still guessing, but this is a guess. This is a guess. I guess it will jump on the positive side. But all of this, viewers, you must be careful. If you are trading gold, after October 24th, be careful. Oh, I have to mention one more thing. For Thais, it's a bit special. After October 24th, we have a long holiday. We have a long holiday. Things are getting out of hand. Viewers must manage their positions. If you're trading gold during that period, be very careful. I don't know what's going on, but both America and China are coming together on October 24th. So, let's sell something good. If you already have a large gold position, how do you close half of a contract worth over a hundred thousand? You can close half by using Mini Gold Futures. Uh, 10 Gold, 10 Mini Gold is equal to 1 Big Gold. Viewers, if you think, "I have gold, I'm not sure if it's up or down, I want to hold half," then open half of a Mini Gold contract. If you have 1 contract, open 5 Mini Gold contracts, and it will help absorb volatility. Uh, something like that. And the yen is moving, America is moving. Will the T-factor move? Will the T-factor move? Because we trade 24 hours a day, like Chicago, and I don't believe we will be forced to close like China. We have to see which way the T-factor will move. Uh, I'm telling you in advance, gold will have a jump period, so be prepared. But it will coincide. For example, if we look at gold technically, there is still one more leg down. Currently, it's at 8-24. Oh, there's time. If it coincides, it will be very beautiful. If it falls first and then jumps up, it will be a beautiful pattern. It will be a complete A, B, C, then jump up. [Inhales] Open a new upward leg. Oh, a beautiful picture with unicorns jumping around. But we don't know yet. Let's focus on this for now. From now until October 24th, the Chinese side is forced to close. Most Chinese retail investors are playing on the long side. When they close, it reinforces the view that for now, let's stay on the short side. But what's different from the 4 or 5 times I've been on the show is that it might be the end of a downtrend. It might be the end of a downtrend. So, if anyone has shorted and it goes against you, cut it, cut it. Don't hold on for too long. Don't hold on for too long. If you are playing short, because I have recommended the short side many, many times, for many months, I have recommended the short side. But it's about to change to long. But this time, I still want to stay on the short side. I believe it's the end of a downtrend. Khun Gita. >> Yes. And where do you recommend opening positions and taking profits, Khun Por? Okay. It's forming a channel. This channel has many implications. Because this channel, if we consider it as C, C has 5 sub-waves: 1, 2, 3, 4, 5. According to theory, one way to end leg C is to cross the 2-4 line. This line passes through points 2 and 4, so it's 1, 2, 3, 4, and then down to 5. We opened a short at the upper band of this channel, targeting approximately the previous low, approximately the previous low. Therefore, we recommend opening a short position around 4,200. If it exceeds 4,330, it means it's wrong. Stop Loss. You must respect the stop loss. 4200. If it exceeds 4,330, then stop. The downside target is 4,050 and approximately the previous low at 3,900. For Gold Futures, we are looking for a bounce and then opening a short. Khun Gita. >> What about those who trade physical gold, Khun Por? What do you recommend for people buying gold when there are abnormalities in the futures market? What should accumulators do? >> I think it should be okay. It should be okay. Because, of course, according to theory, those who play physical gold, meaning those who can hold long-term, are still okay. Because I think, frankly, I think it will jump, but I don't know in which direction. But if we look at the increase in gold purchases by the Chinese central bank, I still guess it will jump positively. But if it jumps positively, those buying physical gold are perfectly fine. There's nothing to worry about. I still see them as another group that will be happy. But what about paper gold? It can be sold. Paper gold is something that causes headaches. For physical gold, I think if it breaks below 4,000, it's a buying opportunity. There's nothing to worry about. >> In the news, there's talk of attacks, of wars breaking out, of Mr. Trump announcing the MOU has ended and he won't negotiate with Iran, saying it's a waste of time. In the world of geopolitics, oil prices have surged. But technically, how high can oil prices go, Khun Por? >> Okay. Oil, actually, has pulled back to a certain level and bounced up. It's not really strange because it pulled back to the target of Carom perfectly. But as for the rise, whether it will rise strongly or not, let's see. There are important resistance levels. If you know them, one is that oil has formed a double head pattern, a double head. And there's a shoulder at $84. $84. If we draw a Fibonacci, the Fibonacci is also waiting at $84. That is $84.36. So, in this rise of oil, there will be important resistance at $84.36. If it can cross that, it's significant. But if it can't cross, it's a gap. Let's just say if it crosses $85.75, if it can cross that, then we should be concerned. If it doesn't cross, it will just be a pullback and sideways movement. We'll see what the news says. But in reality, technically, we should wait and see at $85.75 if it can cross or not. Khun Gita. >> Yes. If it can cross, where will it go next, Khun Por? >> If it can cross, it will be quite scary because the previous trend was an uptrend, with higher highs and higher lows. If it can cross, the chance of it testing $100 is high. To be precise, it's $98 and a test of $113 is possible. Khun Gita. It can cross to the high 90s, break 100. >> 98. And then 113. >> Yes. >> Now, if we measure the strength, Khun Por, are there any tools or indicators to measure the strength or ability to go that high? Do we look at volume or volatility, or what can we use to measure the strength of this rise? >> Uh, actually, there are, but because it has just risen, it has just risen, so it's still quite early. Actually. >> Yes. >> What we're discussing is that it just rose at 3 PM today. >> Yes. >> Uh, as Khun Gita mentioned, Hong Kong, green, green, whatever, they closed earlier. They closed at 2 PM. So, today's market, the global market, those who are green are only two types. If it was open last year, everything would be red. So, it has just risen, so it's still hard to say. It's still hard to say. And actually, if you look at today, as I said, America attacked at 3 PM. We're starting to see long wicks. If you look at the candlestick, we're starting to see long wicks at the top. So, if we count from here, but I said the event has just begun. >> Yes. It seems like it might not be strong, but this is fresh. It can still be inaccurate. But the event just happened, and the oil didn't form a full candle. It's a candle with a long upper wick, which indicates that there's a tendency that it might not be as strong as the previous time. >> Thank you to everyone who has followed us all along. Our goal is to take this channel to 1 million subscribers to create a wider society of learning in economics, business, and investment. We now have YouTube Membership. By simply subscribing, you will receive exclusive content and seminars from PRP and Team Business Tomorrow. Please subscribe.