ทองคำขาลงจบหรือยัง ?

The golden period of gold >> Because we believe that if it falls, it won't fall much >> Which is 4,100, it shouldn't drop below >> It's more like a dog repellent for the dollar >> That means people are still hesitant about whether the Fed will raise interest rates. I've already answered that. And if they become confident, say in a month or two, inflation drops to 3%, for example. Wow, gold will surge then, it will surge crazily. >> A long-term target of more than 4 months, or around November-December, I think there's a chance to see 5,000. There's a chance. >> But the question is, now it's half a year, and we're still around 4,000. The question is, is 6,000 possible? >> 1 2 3 4 5, complete. CAT is also complete. It means the entire A B C cycle is complete. It's a picture of recovery. I think it will be within 3 months. >> Yes. >> Gold will run strong because in 3 months, I interpret that inflation will fall. In the US, inflation will fall significantly. [Music] And the Fed will show a much clearer stance that we will not raise interest rates. >> If they don't cut interest rates, I believe 5,000 will not be seen yet. It might rise to around 4,800, 4,900. But when the US cuts interest rates, I believe 5,000 will be broken. The factor for gold to reach that point is the interest rate path returning to normal, meaning cuts. Cuts, soon cuts, next year cuts are fine, this year cuts are fine. Khun Jin, just signal that cuts are coming, inflation is not a concern, and so on. >> The next trend will continue to rise, which is 4,100. It shouldn't drop below. Then it will be a pause, followed by an A B C down wave. Then it will be a buy-on-dip situation. The main support is buy and hold. Central banks. Is it becoming clearer now? [Music] Will they start buying again? I think they have already returned. There are central banks that don't care about anyone, they just buy. China buys, buys all the time. >> Gold's commodity nature is decreasing. It's becoming more of a currency, a safe haven, more like a dog repellent for the dollar. If it were a game, I would short it. Because it has hit resistance as per the overall picture, it has encountered the 200-day moving average. [Music] It has encountered the 23.6% Fibonacci retracement, 16%, it has encountered the trendline. It's a convergence of resistance. And the minor waves have completed 5 waves. Our goal is to reach 1 million subscribers. Please subscribe. We now have YouTube Memberships. By subscribing, you will receive exclusive content and seminars from PRP and Team Business Tomorrow. >> Khun Moo has been analyzing gold continuously. And today, I want Khun Moo to update his view on gold because the price has been falling. During the war, when the war ended, those who expected gold to rise thought the negative factors were gone. After this, gold should finally rise. How does Khun Moo see the direction of gold prices after the war ends? >> I think like this. Let's look at the reaction first. Gold initially went down to 4,000. Then, when the war ended, it rose by about 300, right? >> Yes. >> That's quite a lot. But will it go up to 5,000? Now it's 4,300. We need to look at it like this. Now everyone is confident that the agreement has been signed. But everyone is still hesitant because these things are slowly revealed, right? Therefore, the three groups of gold investors, I must emphasize first, the weight of investors that will make gold prices rise in the short term is the second group. Normally, the second group I like to talk about is the group that buys for returns. That means people are still hesitant about whether the Fed will raise interest rates. I've already answered that. And if they become confident, say in a month or two, inflation drops to 3%, for example. Wow, gold will surge then, it will surge crazily. Because why? Because people are confident that the Fed will not raise interest rates anymore. Will it go down? I don't know, but it won't go up. Like this, gold will move. Because the second group of investors will buy a lot. Now, the first group of investors, whom I often talk about, is the second group, buying for returns. This must be compared to interest rates primarily. The first group buys for risk hedging. This has less weight. How do we know? Because in the past, wars, even more than wars, gold fell. This means this group not only doesn't have much weight, but they might even be acting contrary to the past. I'm still wondering about this now. Is this correct? Because if it still acts the same way, during the war, gold should have risen, not fallen. But it was suppressed by the second group because at that time, they thought the Fed might raise interest rates because inflation was rising. So the second group didn't buy, they sold. The third group, which is the main support, like buy and hold, is the central bank. Is it becoming clearer now? Will they start buying again? I think they have already returned. There are central banks that don't care about anyone, they just buy. China buys, buys all the time, right? But China alone is not enough to make gold rise significantly. You believe it, right? But if everything stabilizes, I think the third group will start buying again. That means you have to wait about 2 months. Wait for what? Wait for the market to interpret clearly and confidently that okay. >> Yes. >> Inflation is falling, interest rates are not rising. That's when it will be the Golden period of gold. That's it. I'm answering the question like this because I still think. >> By the end of the year, there's still a chance for 5,000. >> There is still a chance. But you might have to wait about 2 or 3 months. >> And what is the investment recommendation now? >> Actually, if you bought at 4,000, 4,100, 4,200, you would be comfortable now, just sitting back. But if you haven't bought yet, suppose. I think this period will be around 4,200, 4,300. You can buy around here, buy a bit lower, like 4,200 something. And then you just wait. I think it will be within 3 months. >> Yes. >> Gold will run strong because in 3 months, I interpret that inflation will fall. In the US, inflation will fall significantly. And the Fed will show a much clearer stance that we will not raise interest rates. That is a very positive signal for F1 gold to continue running. This signal is like when F1, bang, a reduction is issued. >> But you have to wait a bit, 2-3 months. This war did not cause the US empire to collapse completely. It didn't go that far. But it has caused quite a stir. So, in summary, it means I don't think China is coming to replace it. Let me ask, does China want to replace it? Let's ask a better question. Where in the world do you think China wants to replace the US? Let's use this term. Or does China just want to do what it wants to do, without caring if the US is there or not? Is it fairer to say it like this? China is entering because China has its own goals. It wants to go in and do what? It wants to do its One Belt One Road. It wants to do trade. So, Chinese exports remain strong every day, right? And it makes the Chinese economy prosperous and improves the lives of Chinese people. That is their goal. But they don't have the goal of overthrowing the US. Do you know why? Because if the US collapses, China will also suffer. >> Yes. >> Because the dollar remains the best currency in the world. Today, even if it depreciates, it still remains so. And if there is no dollar, the world will be chaotic. What will be used as a medium? Gold can't be used today. Crypto can't be used either. The dollar must still exist. The US must still maintain its greatness. I believe it is like that. But they just have to yield to others to have a place. That's all. And China is satisfied with that. Actually, if you ask me, if China is considered second, they don't mind. But in reality, they are first in terms of trade and many other aspects. But they might be second in many things as well. If you ask me, I think it's normal. So, in summary, it's the Chinese philosophy. We have to talk about philosophy, right? We are not talking about policy. Philosophy is more important than policy. So, the conclusion is that China probably doesn't want to replace the US. China just wants to have benefits or influence in the areas it desires. >> Yes. Now, finally, Khun Moo, what about assets going forward? During the war, oil prices surged. The world feared inflation and rising interest rates. Now we see oil prices falling continuously until they are below $80. Does Khun Moo think the energy crisis, the fear of shortages, or the fear of inflation can be definitively resolved after the war ends? >> I think it's over. You can think of it this way. In the last 3 months, even with the Strait of Hormuz issue, oil only rose this much. And you think today it's over, it's finished. Where do you think oil will be? At most, I'll give it $70-80. $70-80. What test will it be for the world? And one thing I don't understand, this is my personal opinion, finally. >> Yesterday, when Khun Kevin came, and people panicked, thinking, "Oh, they will raise interest rates." How can they raise them? I'm confused. Do you know why? Let me ask everyone. What do you think inflation will be in June? Not how much it will rise. Because what did I start the program with? 4.2%, 2%. That's based on oil prices of $102. Khun Guitar just said it. What is the oil price today? WTI is below 80. >> Yes. >> I ask you, it has almost fallen to the level before the war. Before the war, what was inflation? At the start of the program, we said over 2%. Of course, it might not drop directly to over 2%. But 4.2% might drop to 3.5%, 3.7%. And next month, it will definitely fall further. It might drop to 3%, or it might drop to over 2% in 3 or 4 months. So, if that's the case, why would the Fed raise interest rates? I'm confused. Give me a reason. Why would they raise interest rates if you are sure or you see that inflation will definitely fall? >> Mmm. >> I ask you, it's already far beyond the target for how many years? Let's say how many years. When it was 2.6%, it was still exceeding. The Fed was still cutting interest rates. It's irrelevant. I see a clear trend that is happening, I think 99%. It's 4.2% will drop to over 3%. And there's a chance it will touch 3%, or even below 2% in the next 3-4 months. The only thing I'm not sure about is whether it will drop to below 2%. Do you know what it is? It's Trump. I don't know if after this, next month, Mr. Trump will come up with something else. I don't know. That will make inflation not fall quickly. >> Yes. >> I can't answer this, Khun Suwat. I don't know. But I, Suwat, think it will definitely happen. [Laughter] I think Khun Trump is thinking about it or has already prepared it. After this, in another month or two, he'll come up with something again. I don't know what it is. But Khun Moo also doesn't know what it is. >> The target for gold from abroad, Khun Mor. But it will be interesting in that we see signals from the US dollar. At this moment, it's not fluctuating much. We see the Dollar Index is still around 99. The dollar is still competing. Is there any risk that the market still sees? Especially regarding Fed interest rates. >> I have to say that it's not proportional to the amount it falls or rises because this fall is not proportional to a strong dollar. >> Yes. >> It's a fall from oil and inflation. A strong dollar, we can see that in the last 10 days, it strengthened to a high of 100.3 on the Dollar Index. And it stayed at 100.3 for about 5 days and then started to fall. Now it has fallen below 100 and is standing at 99.8, 99.6. And this morning it was 99.5. So, the question is, the falling dollar is not directly proportional to the rising gold price. Or when the dollar strengthened, it didn't cause gold to fall significantly. This is because this fall comes from expectations of inflation soaring. Now, will the dollar strengthen again? Look at the graph. There's a graph of the dollar and Thai baht. Looking at the trend, the dollar doesn't seem to be able to strengthen, or it won't be able to break 100.6. Because it has tested this level for the 4th time and hasn't passed. The second way to look is at the US economic figures. The figures we look at are mainly non-farm payrolls. We can see that non-farm payrolls are still not very good. This means unemployment is still high, at 4.3%, 3%. In various industrial sectors, it's still not very good. Retail sales are up and down, but mostly down. But the decline is not significant. Because overall, it's already declining. So, overall, I have to say that the US economy is not good. But the US's not-good is still better than Thailand's. Theirs is still around 2-something, which is still better than Thailand's. Thailand is quite not good. Now, look at the right side, which is the Thai baht. It seems like the trend is weakening, right? Even though the dollar is stabilizing, you see? It's not a 100% proportion. But the overall picture of the Thai baht, after testing below 31, in the 30s, is now only going up. 3 days ago, it started testing at 33. And then it fell again. And now it's around 32.60. So, the Thai baht, generally speaking, businesses analyze that they want it to weaken, to 34-35, to make it easier to sell goods. This depends on the overall picture. Overall, our country is considered good when compared to our neighbors, especially Indonesia. We are considered very good. So, overall, the direction of gold prices in both Thailand and the world is the same. When it falls, it falls together. When it rises, it rises together. So, it is still a very investable asset, especially at this moment. Investment in gold, I have to say that the support level now has moved to $4,250. In the short term. And the support level of $4,250 will be around 65,800 baht per gold baht in Thailand. The resistance is likely to be around 68,500 in the short term. This is for short-term profit-taking. And for global market gold, short-term profit-taking is at $4,450. The area of $4,550 will be a key resistance. >> If it hits the first time, sell first because I believe it won't pass. A long-term target of more than 4 months, or around November-December, I think there's a chance to see 5,000. There's a chance. For Thai gold, there's a chance to see around 80,000 baht per baht of gold. The main reasons are two. 1. Interest rate cuts. If they don't cut interest rates, I believe 5,000 will not be seen yet. It might rise to around 4,800, 4,900. But when the US cuts interest rates, I believe 5,000 will be broken. If they cut interest rates, we have to follow. The earliest cut is likely in early November, if it's the earliest. But it won't be any sooner than that if they cut. So, strategically, for short, medium, and long-term investors, I recommend starting to enter the market and find opportunities to enter because we believe that if it falls, it won't fall much. [Cough] Guitar. >> Really? But to reach the previous peak, like Thai gold at over 80,000, global gold at 5,600, is it possible in the remaining time? Khun Mor. >> I think 1. There must be a Fed rate cut. 2. I believe it will definitely happen, around Q1 next year. 3. I believe those who are stuck at 84,000 or 400 will be patient. They will likely get out. There shouldn't be any problem because they have passed the crisis, passed the abyss. Now, just pray. It will take another 10 months. I believe the original level will return. Now, let's look at the next chart regarding Singapore, for the investors' knowledge. This is prepared by Mae Thong Suk to see what is happening in the global gold market. What is happening next door is that Singapore has started announcing itself as the Gold Hub of Asia. They just announced it yesterday. There's another slide with news from Bloomberg. This is news from Bloomberg. On Monday, yesterday, June 15th, there was a major global meeting. It included global gold producers and traders. MTS GO also attended and is a committee member of SPMA and participated in this meeting. Asia Pacific Precious Metal Conference, which was yesterday. And today, the meeting is still ongoing. What is presented in the picture is the announcement of becoming the Gold Hub of Asia, competing with Hong Kong, which we know has been the main player in this region. But in the last 10 years, it has fallen significantly, and Singapore has taken over. This means the market has become a place for consolidation in Singapore. We see signs behind us, announcement boards, or billboards from major central banks from almost the entire world. Almost more than 10 major ones have come to witness the launch as a Gold Hub. Simply put, the Gold Hub was originally in London and New York. In the past 10 years, Asia has become increasingly influential. Especially with the Middle East war, it has somewhat dashed Dubai's hopes. This has caused gold investors to flee from Dubai, flee from London, from the unfavorable economic conditions, and come to Singapore in large numbers. You can see in the picture, the people standing in the front row, at the top, include the son of Khun Golf, who is a member. And in the front row is the Deputy Prime Minister of Singapore. Singapore has supported gold trading at the national and global levels for 10 consecutive years since 2015. If we remember, before 2015, Singapore's annual gold trading volume was almost zero. But after 2015-2016, when Singapore implemented stimulus policies to encourage gold investors to invest more in Singapore, MTS GO was one of the first Thai companies to enter around 2015. It has been almost 10 years. It has built good trading volume, ranking in the top 50 in Singapore. What we received is tax incentives in Singapore. This shows the development of the global gold market. And Singapore is a country that the world recognizes for its financial system transparency and government policy transparency. And this has led almost all major central banks to be present in Singapore. If you have been to Singapore, you know that you can bump into major bankers there. There are many. And it is a declaration of success with the main support from Thai companies. And major Thai gold trading companies have opened in Singapore. There are actually 3 of them, and MTS GO is one of them. And they have clearly announced that by the end of this year, they will complete the Clearing House and physical settlement, and balance by the end of this year, in the next 5 months, everything will be completed. And it will be opened as a global vault. That is, countries will deposit gold. In the past, they deposited in London and New York. Soon, they will deposit in Singapore. This is done to be on par with Hong Kong. Simply put, you might have heard news about Hong Kong. China just announced at the beginning of this year, 5 months ago, that Hong Kong will try to be China's hub. And China is trying to promote more gold trading through Hong Kong, using the High Gold Exchange. Because Hong Kong was once a very large gold hub more than 10 years ago. Now, the heat has shifted significantly to Singapore. This is interesting global news. And it's a pity that Thailand has been talking about this for more than 10 years, but we haven't achieved it. The Singapore government has provided support and does not collect any taxes. There are no taxes. If you move to Singapore and meet the conditions, they will reduce taxes. MTS GO has been in Singapore for about 10 years. This is interesting and should be used as an example of how Singapore's gold industry grew from zero to a global level within 10 years. This is amazing. Meanwhile, Thai people have many infrastructures that could be supported, but are facing many obstacles at the moment. This is worth studying and is interesting. There is no developed country in the world that taxes gold trading. They try to promote tax-free trading to encourage more flow, as the more they trade, the more benefits they get. This is an example that should be studied and considered. The current price. And from various houses, like JP Morgan, saying there will be 6,000 by the end of the year. Are these figures still valid? And Thai gold investors who are stuck in gold, what do you think, Khun Hai? Can they buy more at this level, or do you think they should wait, as there might be an opportunity for a further drop, or should theyทยอย (gradually buy)? What is the Thai perspective? Let's talk about the target first. Why could it reach 6,000 at the beginning of the year? First, the price moved very fast. When the price rose to 5,000-6,000 and could sustain it, it means the base has risen, right? With the beginning of the year, you saw 5,000. If it could sustain it, and there were no incidents, reaching 6,000 by the end of the year would not be difficult. But the question now is, it's half a year, and we are still around 4,000. The question is, is 6,000 possible? It is possible. But we must see $5,000 first. At least $5,000 must be sustained. The factor for gold to reach that point is the interest rate path returning to normal, meaning cuts. Cuts, soon cuts, next year cuts are fine, this year cuts are fine. Khun Jin, just signal that cuts are coming, inflation is not a concern, and so on. Then gold can return to sustain $5,000. Your stuck positions, whether at 76,000 or 80,000, will gradually return by the end of the year. As I gave the timeline earlier, because the Fed doesn't give many signals, this month there's nothing. In 3 months, it will be the end of the year. And also, suppose the Strait of Hormuz is truly closed and reopened, and inflation falls, it will take about 2-3 months for the numbers to reflect. So, I think that timing, your stuck positions, will be at the earliest in September, October, or around the end of the year. And at the end of the year, there will be something else. The January Effect around that time. So, it depends on how quickly they allow you. If $5,000 comes quickly, 6,000 might be by the end of the year. But if $5,000 comes in October or November, then 6,000 might not be seen until next year. The picture will be something like this regarding the assessment. Are there many negative factors? Yes, there are many. Gold rises with inflation, the dollar, etc. There are factors that make gold rise continuously. It's just that the acceleration might not be the same as at the beginning of the year. >> Mmm, okay, clear. For those who ask, at this juncture, with stuck positions at the top, how should they average down? The most suitable approach at this time is DCA. Because, simply put, if you like the price, don't worry. If you like a certain price, sometimes you don't care if it goes up tomorrow. You buy today. This is the first case for long-term investors. Don't think too much. For the second case, you already have 80% stuck at the top, at 70-80%. You ask if you should use 20% to average down now when the picture is not clear. I see it as unnecessarily increasing risk. Unless you have a plan to hold it, and you have money that is not lacking. But for those who made a mistake and say, "The picture is coming." I still say that if you buy now, it's at resistance. Buying at a higher price, 4,500, 4,600, the signal is clearer. For those with a very large exposure, stuck at 70-80,000 and bought 70-80%, buying another 10% won't make your portfolio much better. The plan might even increase risk if it falls back to $4,000. Or if it falls to 3,500. That's for those who have a lot. But for those who have little, okay, like they've been waiting for a long time. They didn't buy at 80,000, thought 70,000 was expensive. At 60,000, they wanted to buy, but it dropped to 58,000, broke 3,500, broke 4,000, went to 3,500. At this juncture, I see buying pressure coming. You can gradually accumulate. Accumulate for a while. Simply put, I see it as a 50-50 situation. If you accumulate up to 50% around here, whether at 4,000 or anywhere in between, stop for now. And I'm a bit strange. I might have a style. I like to buy expensive things. I like to buy expensive things that have potential to go further. >> Ah, that can go further. Because of my profession as a trader, it's a mindset like this. >> So, it's another approach. If it were me, at this point, I see the price as good, and the signal is okay. The news about the Strait of Hormuz is also very good. It should be a buying opportunity. But I still give the risk that if it doesn't break resistance or the Strait doesn't truly open, for beginners, I would say accumulate about 50-60% in this zone. And keep some aside. What is this aside for? In case it fails and drops to 4,000, you get it cheaper. Or if it drops further, if something unknown happens and it breaks further, it's okay. But if it goes up, you have it. And when the Fed signals, you might buy at a higher price, maybe 70,000. But you get the momentum. It depends. So, that's the recommendation. >> Okay, clear. Because the picture hasn't broken through 4,500-4,600 yet, it's still under the influence of the channel's downward pressure. So, Khun Thai sees that now, about 50% is in the base case, which is quite good. But if it breaks through, you can buy more. The momentum will start to improve. Accept paying a bit more, but buy to hope it continues, or buy the momentum that it will continue. You don't have to waste time waiting. Something like that. But if around here, about 50%, you think it's not too bad. For those who are stuck in gold. There's a question. Khun Hai. Uh, uh, I'd like you to talk about Silver. >> Can you? >> Silver? >> Oh, Silver. >> Actually, it's very simple. Silver is used in new technology industries. >> Right? Now AI is booming. So, to be precise, gold is seen by many as a commodity. But actually, currently, gold's commodity nature is decreasing. It's becoming more of a currency, a safe haven, more like a dog repellent for the dollar. Various commodities, whether it's copper or silver, will have external factors influencing them, such as macro trends. If there is a lot of AI technology use, and there is demand for metals, which are good conductors, they will rise strongly. If you combine AI with interest rate cuts and a dollar trend, and you like relatively volatile returns, then Silver is something that will be very volatile. But because there's a factor that if AI fails, this will also be heavy. If you understand this, and you accept the risk, and you think, "Gold will rise, then Silver will rise." Yes, it will move together. Silver will move faster than gold. So, it depends on how much you understand this. If you understand that the commodity theme, AI, inflation are coming, everything looks okay, Silver should run strong, then manage it. But if you prefer safety, safety, regardless of whether AI fails or not, then go for gold. That's all. Mmm. >> Something like that. >> Okay, got it. Another question. Khun Hai has already answered this. Let me confirm again. I'll answer it. Uh, they said they are stuck at 5,200 dollars, about 50 lots. And they have only about 10 lots of money left. Should they buy at any price? I recommend what you said. Wait until it breaks through 4,500-4,600. Because if you buy a lot, and the first batch is, if you are buying the remaining batch and you have only a small amount left. Then wait for the momentum to become clear. So, you have to wait for 4,500-4,600, right, Khun Hai? >> Yes. >> Right. So, this question came up, it matches the case you mentioned earlier. So, it's answered. Khun Hai, please recommend the mini gold. Currently, our market is vibrant. What do you think? >> Oh, that's great. I want the Thai market, and even the stock exchange, to have more tools. Because, to be honest, there are many channels. Before we do anything, people move to play there a lot. Developing this is very good. I'm very happy. First, this is not affected by the exchange rate. If you play in foreign spot markets, sometimes you buy 1 ounce, and if you don't play short-term, the next day the exchange rate changes, like buying physical gold. But here, if you play short-term, it's quite good. So, I recommend it for anyone who wants to. First, it's not just for speculation. Khun Jin, futures and other things can be used to manage portfolios. For example, if you have 10 or 20 baht weight of physical gold, and you don't want to sell gold and go to a gold shop, which is tiring and takes a long time. You can use futures to hedge. There are many ways. And this requires less capital, right? What is the minimum amount? Khun Jin. >> 10,000. Uh, the collateral is around 13,000-14,000. >> Mmm, so you can buy a lot. >> This has advantages. But for those who need to study the risks carefully. But it's a good sign that the Thai market has introduced it. And I hope there will be more. Whether it's mini Silver or mini oil, etc. If they keep coming, I think it will make the Thai market vibrant, and investors will be financially safe, of course, if you play through the SEC or the Thai market. Something like that. >> Oil prices rose, and gold fell all the time. Now oil is falling, and gold is rising well. Is it returning to an uptrend? >> Yes. Uh, regarding gold, we talked about it around 4,000, Guitar, that it was looking for a rebound. >> A rebound and then a rise. >> Now it's reached 1,300. >> Oh, it has rebounded. There are supporting factors like the war ending. Oil prices have adjusted downwards, and gold is adjusting upwards. I'm looking at the spot first. XAU. There's a chance that the overall consolidation will be complete. This will be like a complete A B C down wave. This is like an A. >> Yes. >> And then a rebound to B. Uh, this is 1, this is 2, this is 3, and then 4, and then 5. In the 5 waves, there are 5 minor waves. That is 1, 2, 3, 4, and then 5 of the 5. If 1 2 3 4 5 is complete, CAT is also complete. It means the entire A B C cycle is complete. It's a picture of recovery. But the question is, can we buy now? Can we buy? It has hit resistance. Uh, I'll show you. It's like this. I'm measuring the entire cycle of decline. It's at the 23.6% Fibonacci level, 4,350 baht, or it coincides with the gray line, the 200-day moving average. It's right there. It's around 4,350-4,380. And if I draw the trendline, it's also the same. So, it's a convergence of resistance. >> Yes. >> It hits both the 200-day moving average and the trendline. Plus, tonight there's the Fed meeting. If you want to buy now, it might be a bit risky. Uh, let's divide it into two groups. If you want to play like buy and hold. >> Uh, like physical gold, gold funds, or ETFs linked to gold prices. You need to wait for a dip to buy. I will tell you the levels. Let's change the timeframe to 1 hour to see the current uptrend. You will see that it has completed 5 minor waves. So, there's a chance of a pullback. This is 1, this is 2, 3, 4, and then 5. So, there's a chance of a dip. Let's draw Fibonacci to find the support levels. The support level will be 38.2 at 4232. Uh, I understand that when the European market or the US market opens, around 8:30 PM, there might be some selling pressure. It's really quiet now, but when the US opens, it might become volatile. Because there might be some profit-taking before waiting for the Fed meeting's interest rate direction. If you want to find a support level, it's here. 38.2 is around 4232. Or next, if we round it, let's say a range, easy to remember, is 4,200 to around 4,230. I think it's a zone where you can buy. 4,200-4,230 dollars. And the point that will be a dip for further rise. It shouldn't be lower than this. Actually, if it's below 61.8, it's not good, 4150. But sometimes it's volatile. There are wicks and other things. It might break this level. But this level should not be broken. So, if the next trend is to continue rising, it's 4,100. It shouldn't drop below. Then it will be a pause, followed by a complete A B C down wave. Then it will be a buy-on-dip situation. This is for a portfolio that is for playing cycles. But if you are playing for speculation. If you are playing for speculation, I would rather play short. Because it has hit resistance as per the overall picture, it has encountered the 200-day moving average, the 23.6% Fibonacci retracement, the trendline. It's a convergence of resistance. And the minor waves have completed 5 waves. So, there's a chance of profit-taking to reduce risk before the Fed meeting. So, if you want to play futures, gold online futures, or our own, which is gold futures traded in the market, it will be a short-selling situation. I recommend waiting for it to break this level first. Wait for it to break this base. It will be a signal to enter short. And if it breaks and bounces back, where is the stop loss? The stop loss is the previous high of this wave 5. It should not break this level. This will be the stop loss point. Around wave 5. The stop loss point is around 4368. 4368. It will be the stop loss point. If it breaks below 4306 and we enter short, and it doesn't go down. >> Yes. It bounces back. >> The stop loss point is 4368. It will be the stop loss point. For profit-taking, it will be the same point as opening a long position for playing cycles. It will be the profit-taking point, which is 4,200 to 4,230. And then we will switch to opening a long position again. So, if you play today, from now until before the Fed meeting, look at this level. If it breaks below, it will enter a short position at 4306. >> Okay, so that's an action plan for those who play cycles or invest. And recently, for those who trade or speculate. These are price levels that can be used for further planning in the gold sector. And please allow me to look at Silver, as there was a question about it from Khun V, VIP. What is the trend, and what is the action plan? >> Yes. Mmm, it's similar to gold. I think the picture looks similar. The direction, in the overall picture, will be like waves. This is A, and then B. This is 1, 2, 3. This is 4. And then this is the part of the 5th wave of C. And then, let's draw Fibonacci to see if it hits resistance. The picture is that 23.6 is around 73.5, 73.25, 25. Which coincides with the moving average. This is a medium-term moving average, 3-4 days, at around 73 dollars. Let me look at the minor waves first. On the 1-hour level, the trend is like gold. In the minor waves, it's like it has completed 5 minor waves. 1, 2, 3, 4, and then 5. This could be A, and then sideways as B. To go down to C. So, the strategy is the same as gold. If you play now, it will be sell first, short first. Wait for it to break this base, which is around 69. Then open short. And the previous high, the stop loss is around 71.3. Cut loss. If it breaks below 69, short. The stop loss is above 71.3. That's the stop loss point. The target for closing is here. 66.35. Next is around 66.2. Around Fibo 38.2 or around 50%. This will be the profit-taking point. >> Thank you everyone for following us all along. Our goal is to take this channel to 1 million subscribers to create a society of learning in economics, business, and investment. We now have YouTube Memberships. By subscribing, you will receive exclusive content and seminars from PRP and Team Business Tomorrow. Please subscribe.