Transcription
Why is China ordering the closure of retail accounts that bought gold bars? The entire country. >> It does have an effect. Everyone knows it makes the gold market fall. It indicates that they see something that makes gold jump. >> Ultimately, they want the items they bought the most to have the highest price, of course. >> If the market understands, it depends on what the market understands. >> Is it important? This is the truth, not a lie. The fact that China doesn't let banks release money easily, think about it, how much are people playing with gold? Our country, oh my, a huge amount of money. China, it's gambling, it's in their blood. Chinese people, and there are billions of them. >> If it's not stopped, the money will keep flowing out of the country. >> I don't know what they see, but the trend indicates they see something that makes gold jump. Trading markets don't fear gold going up or down. They fear gold jumping. China, I think they still want to buy more gold. If they accelerate futures, it will cause people to push the price down. Actually, we already know that futures are the cause. Otherwise, gold would have gone up a lot. >> But with futures, it causes the gold price to be pushed down. >> Are there any positive factors for gold that you foresee? >> Right now, there's only one thing: PBOC is buying heavily. 10 tons. 10 tons, how many troy ounces is that? It's a lot. And the amount keeps increasing. So, we wait. Because whenever PBOC buys like this, at first, gold won't rise much. But as they accumulate, it will start to move. But I'm just waiting for the time. >> In the past, they claimed that gold fell because of the Fed. They didn't look at the Fed. They looked at the period after October 24th. We had a long holiday. We had a long holiday. It's gone too far. Viewers, if you're trading gold, be careful during that period. I don't know what it is, but both America and China are coming together on October 24th. >> We all know that in reality, paper gold is much more than real gold. It might be that instead of letting gold rise, it's being pressured by this. They bought so much gold. Ultimately, they want the items they bought the most to have the highest price, of course. We know they have the most gold in the country. Therefore, they must want this. >> The price to be the highest so that they can be the most credible, or the richest, or whatever. Everything. Therefore, they have started to cut off the world. The world is about to change to real gold. All of this is what China is trying to do. >> So, gold might recover if this meeting happens and the Fed says nothing, remains silent. Then the market understands that they won't raise interest rates. You know, war. It has no effect on the ups and downs. In ancient times, when Russia had it, it had an effect, right? It affected everything, food, fish, everything. It went up. >> Thailand Gold Summit 2026, the biggest gold seminar in Thailand, is now available for rerun. >> Most people trade gold, 95%. >> Why do they lose money? >> A crisis period is the best time for you to convert cash into valuable assets that are decreasing in value. >> You can watch the full replay of all main stations. For more details, follow SIP Event. Invest with Trade. >> Uh. >> What do you think you will invest in? Go futures? Is that right? It's probably gold bars. Is a gold bar an investment? The word "investment" implies a return. Differentiate them. We buy gold bars not for investment, but for hedging. Hedging a portfolio that results from losses from investing in risky assets. Because gold is the embodiment of all human fears. Today, I'm here to talk because there are many problems. Communication in our country. Have you heard the news that China ordered the closure of retail accounts? Why did China order retail investors who bought gold bars to close their accounts nationwide? >> Have you heard the news? >> Is it important? This is the truth, not a lie. Why? Because when they trade and go bankrupt, and then money flows out, trade deficit, current account deficit. So, they say, "You guys don't play anymore. It's making the country go bankrupt." If you talk about rates, it means the direction of interest rates, inflation, it must rise by thousands of dollars. >> But have you heard the market experts, the gurus, the fortune tellers? They predict prices. In the past, they claimed that gold fell and said it was because of the Fed. They didn't look at the Fed. They looked at the rates. And inflation. Caused by oil falling from $120 to $70, as the professor said? Did inflation go down next month, the following month? It did. As soon as they finished speaking, people said the Fed would raise interest rates. So, this is a statement that gold fell below 4,000. Did it rise? It did. Because for things like this, don't listen to explanations of why gold goes up or down. If you trade futures. But if you want to buy gold bars, how? Why would gold bars go up? Rates come from negative. The Fed rate comes from below, 1%. 0%. Now it's 4-5%. >> And it will go down, but we don't know when. There are two scenarios. Rates and US rates. Gold falls. Years 2023-2026 are coming. This factor, central banks worldwide. Central banks are buying gold bars. The next factor that will occur after 2026 is coming. First, you will see public debt. All countries will increase it because people are unemployed. There will be a period in 2028 to 2030 when AI works instead of people, but people can't work instead of AI yet. Understand? During this time, each state must borrow money to subsidize the people. Just watch what happens. Second, central banks shift assets. This will have an impact. Third, AI. Bottom. Next will be Climate Food Resort Shock. Next will be cyber quantum payment. All three will affect gold. High impact. And Deep Recession. If this happens, it will have a high impact on gold. As I said, if America collapses, understand? Inflation doesn't go down. But we can see oil prices. This will have an impact in the future. See? The factors affecting gold have changed. Rates, interest rates, the rates will be the main factor, but the factors that will push the rates will be these factors. Therefore, we cannot use these factors to trade futures. We only use technicals. >> Uh. >> Next, Port C. Simple. This trend indicator can be used with Port C. Who is following us? Port C. A week, two weeks, profit of a dollar a week. People who play Port C wish for gold not to go up or down. It's sideways. Uncle will come with you. If Port C means what? Green means sell. Red means buy. Only for sideways trends. This is what? It's about the playbook. The same playbook. Whether you play gold bars or Go Futures, you must differentiate. Differentiate first. But there are many ways to enter. If gold is in an uptrend, meaning Port C is done and it's going up. Port C cannot be used when gold breaks through 5,400. You are left with Port A and Port B. Just hold on. And wait for whom? The same people who cheered you to buy at 5,400. Remember their faces. They'll cheer again. Sell them out. Done. Those who create war stories. >> Uh. >> You know, war. It has no effect on gold's ups and downs. In ancient times, when Russia had it, it had an effect, right? It affected everything, food, fish, everything. It went up. >> Right? But this time, it doesn't affect it. >> Uh. >> So, I guess that's all I can say. >> Yes. >> Because the person who told me is the professor's nephew. He came in with 4 million baht. Now he has 120 million baht. >> Uh-huh. >> He's been playing for 8 years and lost money. >> Uh. >> Now it's been 10 years. From 4 million to 120 million. >> Uh-huh. >> By understanding the trading system. His success is only 20% of the system. >> Uh. >> 40% is Money Management. >> Yes. >> The biggest part is us, investment psychology. It's important. Look, if you put Money Management and your psychology together, 80%. If you don't pass these two, the 20% technicals won't work. You must understand that the system consists of ourselves. Investment psychology is the biggest, 40%. Second, controlling the lot size. >> Uh. >> That's another 40%. >> Yes. >> Greed, put in a lot. Fear, put in a little. See? So, it's 80% psychology. Technicals run according to their path, naturally. Monday goes up, but it will come down again. >> Uh, okay. >> It can be read, but once read, you want it fast. >> Yes. >> You want it fast, but the professor said for the whole week. You have to endure for a week. Hey, it broke 4088. Hey, it's Tuesday. What's the decision? In the end, what happens? By the end of the week, it's higher than 408. In the system written here. >> Uh. >> Gold, if we talk about the short term, it's around here, around 4,000, 4,200, around here. Wait for it to break out. In this kind of trading, Uncle doesn't want us to mess with the price too much. Whatever the price is, just look at the pattern. If it's building a base, it means it will go up. If it's not building a base, and it keeps making lower lows and lower highs, it means it will continue to fall. Whatever the price is, if the support, the previous base, can't hold, and it makes new lows, it will keep falling. Looking at the price is against the principle because the price is like a point for traders to look at. We should look at management, look at the price pattern, not the price itself. Important patterns, for example, when the market is going down, everyone sees volatility go up high. Small investors flood in. The price moves a lot, but the momentum doesn't. See what they call divergence, convergence? >> Which is a well-known fact. Everyone knows it. >> So why should we look at where the price is going, how much? If there's convergence, prepare to sell. In an uptrend, it keeps going down. If it starts making higher lows, lifting up, lifting up, and the channel it's running in is a bar channel, and the price breaks out of the channel, it means it will go up. So, it's easier to look at patterns. There are many other things, but it's not difficult. If you look at gold now, it's building a base. You can see the lows are lifting up. If they keep lifting up like this, after a while, our action zone will narrow. It means the market is starting to gain strength, and there might be a trend change. So, we wait to see what happens. If it's really going to change trend, it needs to come down one more time to be beautiful. Come down, but don't make a new low. Come down a bit, or a double bottom, anything, but don't make a new low. And then when it goes up again, it will be able to go, but it won't have enough strength. Not enough strength. Small investors haven't entered yet. We wait for the merit of small investors. So, gold now, I think it's building a base here, and it will hold. For those who play long-term as a store of wealth, buy gold bars. We have safes, we have things to keep. Now is a suitable time to buy. It's starting. >> Is this a suitable time to buy, Uncle? It's good. These things take a long time, a lifetime. It gradually goes on. But when the time really comes, and we think about whether to buy or not, we have to make a decision, and we'll miss it. Actually, later, I see that it's better to organize ourselves. Do DCA. Buy every time. Every payday. Buy 5% of your salary in gold. This will be more beneficial. Consider it. Because buying based on signals is quite subjective. Everyone thinks differently. But if it's every week, every month, it's more orderly. Regardless, if gold can build a base for a little longer, around 4,000. Don't let it stay around 4,000. And if it falls around 4,000 and goes up again, it will make a higher low immediately. Don't lift it up. And if it's sideways for a while, let the red bar narrow and narrow. >> Yes. >> Eventually, it will break down and then jump up again, a W. That's when it's a real uptrend. >> Yes. >> Currently, the situation from the chart indicates it's building a base. Professional traders are waiting. If they are small-time traders, they buy big, sell big, buy a lot, sell a lot, frequently. They'll run out of money. They wait. If they are professional traders, they shorted since over 5,000. Now it's almost time to cover their shorts. Because the base is getting stronger. Those who are shorting should consider changing their timeframe from daily to 4 hours to get out first. And put the money somewhere temporarily. These are trading methods. You have to learn gradually. But the good news is that Uncle thinks it will hold around here now, in the short term. Let's wait and see if Mr. Trump will favor us again. What will he announce? We don't know. >> Yes. >> Okay, I think it will hold around here. >> Yes. And will there still be opportunities for small investor signals? Does it have to be a small investor signal first before there's a price check and reversal, Uncle? >> Uh, gold has few small investor signals. It's clearer in stocks. Gold has fewer. It's like this: small investor signals require a period of high volatility. High volatility means the stock-to-flow ratio. The stock shouldn't be too large. If the flow of production comes in, it affects the stock. Suppose there are 100 units of stock, and the flow is 1 unit at a time, it won't affect it. But if there are 100 units, and 20 units come in at a time, oh my, it all swings. Gold is strange because the stock of gold doesn't disappear. Like silver, it's used in industry, so it disappears. It's used for this and that. But gold is mostly kept as international reserves or people keep gold as jewelry. Therefore, the stock-to-flow ratio is abnormal. In such cases, clear small investor signals rarely occur. The gap is difficult to form, but it's starting to be seen. Big black bars are starting to appear. When it fell from 5,400, 5,500, it fell all at once. That's where the small investor signal occurred, but in the form of three black crows, lined up. >> Yes. >> It's difficult to open a gap because the stock is large. It exists, but you have to look at other charts. Right now, there's nothing, but there are big black bars, two of them. It's a sign that it's about to bottom out. So, we wait and see. But anyway, if we just sit and watch, we don't do anything, so there's no problem. >> Be patient. Don't rush. Change the lot size. >> Yes, Uncle. But soon, on July 24th, there will be an announcement from China that they will require retail investors trading in the gold futures market to close their positions. China seems to be trying to control speculation. Uncle, do you think this will have any effect on China's role? >> It does have an effect. Everyone says it makes the gold market fall. Today it's rising. It doesn't listen to anyone. The market. >> Yes. >> The price discounts everything. Ultimately, it comes out on its own. What does it mean? Does it mean China is secretly buying? Or anything else? But it's better not to interpret, because we don't know. We don't know what's behind it. So, for now, it's showing signs of rising. The fact that China doesn't let banks release money easily, think about it. How much are we playing with gold? Our country, oh my, a huge amount of money. China, it's gambling, it's in their blood. Chinese people, and there are billions of them. >> Yes. >> If it's not stopped, the money will keep flowing out of the country. Because retail investors usually lose money. Large institutions take it all. So, money flowing out of the country causes problems. So, they just ban it. And only allow large investors, or whatever. But in conclusion, we don't know. It's better not to guess. We really don't know what's what. They won't tell us. It's better not to guess. We look at what we know, which is the price. Right now, it seems like it has found support and is unlikely to fall further. Whether it's because of China, Japan, or whoever, let them be. Let them be. >> Brother Phor, can you look at gold futures falling by 100 dollars? Spot also fell by about 40-50 dollars. Brother Phor, how do you see gold falling 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 before. Gold. Okay. Since it started falling, we saw it as the beginning of a downtrend. But 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. 1, 2, 3, 4. It has risen to 4. There is still one more leg down, one more low. This means we are still on the short side for gold. We are on the short side, waiting for the 5th leg of C. But after the 5th leg of C ends, and that leg will be difficult to play. In reality, according to theory, it will be the end of the downtrend if it doesn't form a complex pattern. If it forms a simple pattern, it will be the end of the downtrend. We have been on the short side for a long time. But now it's the end of the downtrend. We have to watch and see what happens. Khun Gita, do you have a moment? Let's talk about gold for another 3-4 minutes. >> I'd be happy to, Brother Phor. >> Okay, viewers. Gold. Something will happen in gold. Something will happen. Let's start from here. The Shanghai gold market. China's important exchange announced that retail investors must close their positions. They must close by June 24th. This is unusual. The Shanghai Gold Exchange, about a year ago, was determined to become the world leader in gold trading. But I'll tell you, forcing closures like this, in 5 years from now, if I don't mind saying, 10 years, don't expect to be a leader in gold trading if you force people to close positions. But I believe the market managers know this. If you force people to close positions, you can't be a global market. Because when the price is that high, why are they forcing people to close positions on October 24th? Not just China, Chicago in America is the same. But if we talk about CME, it's more sophisticated. It has more patterns. Instead of forcing closure, they extend the time. Instead of closing on Saturdays and Sundays, they trade 24 hours a day, 7 days a week, continuously. On the same day, October 24th. To be direct, I don't know what they see, but the trend indicates they see something that makes gold jump. Trading markets don't fear gold going up or down. They fear gold jumping. If I speak in our language. Here, here, here is Thai gold. Thai gold. Go Online has IM 137,000, 1,500. IM, viewers who want to open 1 contract of Gold Online must place 137,550 baht. >> Yes. >> That's the guarantee. But the point is, if gold moves 1 dollar, if you're right, you get 300 baht. If you're wrong, you lose 300 baht. 137,000 can support a gold jump of 400, 485.5 dollars. This means if it jumps more than that, it's difficult. Suppose it jumps 500. It jumps 500. At first, it seems good. At first, I say at first. But those who lose money, it's not just losing money, it's debt. It's debt. The market will sue. The market will sue the debtors to pay. Tens of thousands of people suing tens of thousands of people is not easy. This is what the market fears. The market doesn't fear falling, doesn't fear rising. The market fears it jumping. This is what makes China force retail investors to close, and CME change to 24-hour trading, 7 days a week. So, both think gold might have a sharp jump. But in which direction? Currently, I guess, I guess it will jump up. Because during the same period, the Chinese central bank is buying more gold than usual. Currently, it's just a guess. This is a guess. I guess it will jump positively. But still, viewers, be careful. After October 24th, be careful. Oh, I have to add one more thing. Thai people are special. After October 24th, we have a long holiday. We have a long holiday. It's gone too far. Viewers, if you're trading gold, be careful during that period. I don't know what it is, but both America and China are coming together on October 24th. So, let's sell good products. If we have a lot of gold and think about closing half of the position, how do we close it? Gold has a single signal. Can we close half? By using mini gold futures. 10 gold, 10 small gold is 1 big gold. Viewers think, "Hmm, I have gold, I'm not sure, plus or minus. I want to hold half." So, open half a mini gold. Half of it. If you have 1 contract, open 5 contracts. That will help absorb volatility. Approximately like this. And China has moved, America has moved. T-Future will move. T-Future will move because we trade 24 hours a day like Chicago. And I don't believe we can force closure like China. We have to see which way T-Future will move. I'm telling you in advance, gold will have a jump period. Prepare yourself. But it will be coincidental. Suppose, if according to technical analysis, gold has one more leg down. Now it's the 8th to 24th. Oh, there's time. If it's perfect, it will be very beautiful if it falls first and then jumps up. It becomes beautiful. It falls completely, A, B, C, jumps up, opens a new uptrend. Oh, a beautiful picture with unicorns jumping around. But we don't know yet. From now until October 24th, China is forcing retail investors 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 this is different from the 4-5 times I've been on the show. It might be the end of the downtrend. It might be the end of the downtrend. So, if anyone is shorting and it goes against them, cut it. Cut it. Don't hold on for too long. Don't hold on for too long. If you're playing short, because I've recommended the short side many times, many times, for months, I've recommended the short side. But it's about to change to long. But this time, I'll still stay on the short side. I think it's the end of the downtrend. Khun Gita. >> Yes. And what about the position to open and the profit target, Brother Phor? Okay. It's making a channel. This channel has many implications. If we look at this channel as C, C has 5 sub-waves. 1, 2, 3, 4, 5. According to the theory, the end of leg C is crossing the 24 line. It passes through point 24 exactly. That is 1, 2, 3, 4, and then down to 5. And we open a short at the upper band of this channel. The target is around the previous low. Around the previous low. So, we recommend a short opening point around 4,200. If it exceeds 4,330, it means it's going the wrong way. Stop Loss. You must respect the stop loss. 4200. If it exceeds 4,330, stop. The target for the fall is 4,050 and the previous low at 3,900. On the futures side, we see it as a bounce up and then open a short, Khun Gita. >> What about those who trade physical gold, Brother Phor? What do you recommend for those who buy physical gold? When there are abnormalities in the futures market, what should accumulative buyers do? >> I think it should be okay. It should be okay. Because, of course, according to theory, people who play with gold bars mean those who can hold long-term. If you can hold long-term, it's still okay. Because I think it will jump again. To be honest, 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, it suggests a positive jump. And if we consider a positive jump, people who buy gold bars are okay. There's nothing to worry about. I still see them as another happy group. But what about paper gold? It can be forced. Gold bars cannot be sold. Paper gold is what will cause headaches. Listen to gold bars. I think if it falls below 4,000, it's a buying opportunity. There's nothing to worry about. >> In the news, there's talk of attacks, of war breaking out, of Mr. Trump announcing that the MOU has ended and he won't negotiate with Iran, saying it's a waste of time. In the geopolitical world, oil prices have surged. But on the chart, how high can oil prices go, Brother Phor? >> Okay. Oil, actually, it pulled back to a certain level and bounced up. It's not really strange because it reached the target of the downtrend. But the rise, will it be strong or not? We look at the important resistance levels. If you look at the chart. 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 retracement, the Fibonacci retracement is also at $84. The target is $84.36. So, in this oil adjustment, there will be a significant resistance at $84.36. If it can cross it, it's important. But if it can't cross it, it's a gap. Let's just say if it crosses $85.75, if it can cross it, then we'll worry. If it doesn't cross it, it will just be a sideways movement. What happens then, we'll see. But in reality, technically, we'll wait and see at $85.75 to see if it can cross it, Khun Gita. >> If it can cross, where will it go next, Brother Phor? >> It will be quite scary. Because the previous trend was an uptrend. It made higher highs and the lows were not lower. If it can enter, the chance of testing $100 is possible. To be precise, $98 and testing the high at $113 is possible. >> It can cross to the late 90s, breaking 100. >> 98. And then 113. >> Yes. Now, if we measure by strength, Brother Phor, are there any tools or indicators to measure the strength or ability to go that high? Can we look at volume or volatility or anything to measure the strength of this rise? >> Actually, there are. But because it just started, it's still quite fast. What we're talking about just started at 3 PM today. >> Yes. >> What Khun Gita said, Hong Kong is green, not green because? They closed early. Opened at 2 PM. So, today's global market. It can only be green in two ways. Either it opened incorrectly, or everything is red. It just started, so it's hard to say. It's hard to say. And actually, if you look at today, as I said, America attacked at 3 PM. And long wicks started to appear. If you look at the candlestick, long wicks are starting to appear. So, counting from here, but I said the event just started. >> Yes. It seems like it might not be strong, but this is fresh. It can still move. But it's just an event, and the oil isn't a full bar. It's a bar with long upper wicks. This indicates that there's a tendency that it might not be as strong as the previous time. >> There's an interesting movement in the Chinese futures market, Khun Kan. There are reports that China has ordered retail investors to close their positions in the gold futures market. Why did this happen, and what does it indicate about the gold market situation in China? Does it have any effect on global gold? >> Hmm, this is likely because they announced they are afraid of speculation. Banks in China, like ICBC or others, have also closed positions and are using a system called unallocated gold. This means they will use real gold, but the paper aspect will decrease. >> There are many parts. We all know that paper gold is much more than real gold. They probably don't want gold to be pressured by this. >> Yes. >> But I actually think China, I think they still want to buy more gold. If they accelerate futures, it will cause people to push the price down. Actually, we already know that futures are the cause. Otherwise, gold would have gone up a lot. >> But with futures, it causes the gold price to be pushed down. I think they are trying to convey that they are interested in real investment, in real things, to build credibility. I see it from this perspective more than from the perspective of speculation that causes their people to lose money. That might be another issue. But I see it as building credibility for themselves. >> Yes. And actually, we should interpret this positively regarding China's intention to accumulate gold, right? Because they probably want a stable market. >> Yes, yes. China is very smart. Ultimately, they bought so much gold. Ultimately, they want the items they bought the most to have the highest price, of course. >> Yes. >> Because we know, I think we all know that they have the most gold in the country. Therefore, they must want this. >> The price to be the highest so that they can be the most credible, or the richest, or whatever. Everything. Therefore, they have started to cut off. And this happened with futures in America, Khun Gita, you know that they will open 24 hours. >> Yes. >> 24 hours, 7 days a week. >> 24 hours, yes. If it opens, gold brokers will have to think about opening on Saturdays and Sundays. They will have plans. They will have counter-strategies. Because America doesn't want to lose this volume. Meaning, reducing paper trading and supporting the purchase of real gold bars. Like us, we are real gold bars. >> Yes. >> Like this, it's not beneficial to them. They can't control anything. And they can lose. >> Therefore, the world is changing. It is changing to real gold. All of this is what China is trying to do. But America is not yielding. They will extend the time, extend this and that. >> To prevent it from falling. Actually, open interest is decreasing compared to several years ago. You probably know this. It's starting to decrease because they are trading real gold a lot. >> Yes. >> Trading volume in paper is decreasing a lot. So, we have to follow it. But overall, in the end, it's only positive for gold. In all aspects. But it's long-term. >> And in terms of strategy or recommendations, what do you recommend now? A rebound might not be a confirmation of an uptrend. Risks are waiting ahead. Interest rates, inflation that we need to watch. Should we buy now, or should we wait? What should we do with gold now? >> If it were me, I'd still do the same. If you can buy and accumulate, buy and accumulate. It's okay. Because we also accumulate normally. But for those who trade, maybe I'll show you the chart a bit. For trading. If it's trading, I still think that the current rebound, I think it's a rebound. I think it's a rebound. The indicator is quite indicating a rebound. So, it should pull back up. This time, the level is around 4,200 - 4,300. That's their range. But I think it will reach 4,200. That's where it will rebound. But the rebound, if it's too strong, you have to be careful. Because this is still a downtrend. Even if it rises strongly, you have to be careful. But during this period, I don't recommend selling. It's just like I said, it's rebounding. So, we have to wait for it to rise. If you sell, it should be around 4,300 and above. If it breaks through the range like this, maybe some people will follow. After following, they will wait to sell. This is in terms of psychology. It will pull back down. But right now. >> If I were to recommend, I would lean more towards positive. More positive. That it will gradually adjust upwards. But if it breaks below this level, I have to say, if it breaks the previous low, then you have to stop. That is, if it breaks 4,000. 4,000 is now a point where. >> It's a support level now. It's trying to be a significant support level. 4,000. So, you might have to stop and wait. But the selling point is 4,200, 4,300, around this area first. The take-profit point, let's call it a take-profit point. If we want to sell, the technical way is to wait for a wick. Wait for people to sell first, so there's an upper wick. >> Let there be a wick all day. Close it. And then sell the next day. Like this. We see wicks at the bottom everywhere. We can't sell. It's like, if there's no really big news, it won't fall that much. Even with big news yesterday, it couldn't be pushed down. So, today, the chance of it rebounding is still there. This is purely technical. As for the baht, it's a bit difficult to calculate. Maybe 6. Now it's around 65,000. If it rises, it might be difficult to calculate. Maybe around 66,000, 6,000, 7,000 around here. This depends on the exchange rate. So, I think looking at the spot price earlier is easier. It rises about 100-200 dollars, and you might have to be careful of selling pressure. That's about it for now. For now, let's focus on speculating. Speculate to buy. It's a rebound. Rebound, and then we'll see what happens. For those who buy and hold, just buy. Because I still think, during the COVID period, before they started raising interest rates a lot, gold fell about 20-something percent. Like now, from 80,000 baht to 60,000 baht, it's about 20-something percent, 25%. I think it's a period where it's a good time to buy. Even if it's sideways for a long time, it's a zone where you can buy. I'd even lean towards buying more. >> Sometimes we don't need to worry too much. We follow the big players. The big players are still buying. Big players, meaning China or others. They still have their ways of accumulating. I think we can buy too. But speculation, I have to say, it might not be very volatile. It goes slowly. So, if you speculate and make a profit, you might want to exit. If you're a speculator, not a long-term holder. You can exit, and we'll see the situation. >> Yes. What about those who bought before, and bought at a high price before, at 70,000, 80,000 baht? Now it's in the early 60,000s. What do you recommend for this group? >> If it's this group, it's the same as me. I also bought some. So, I will, I've been using this method for a long time. Like when it went up to how much? Back in the day, 27,000, I also had it. It's okay. I just average down. If you're stuck. You'll ask, "Will Khun Gita sell it all if it rises?" If it bounces up, will you sell it and then short again? We have to see if we are traders. If we weren't traders from the beginning, shorting again. Sometimes it goes down, but sometimes we don't dare to buy. Right? When we buy, we feel like it might go down further, and we still feel like we're losing money because overall we're still losing. I think we should just buy. Meaning, buy at a lower price, average down. Because if we can hold it for a long time, gold, you have to see if you can hold it for a long time. If you can hold it for a long time, just buy it. It will eventually go up. We don't need to be too afraid of gold. But if, suppose, you are a speculator and you are stuck in this situation. Then you have to take some part. Let's call it shorting against the portfolio. But I have to say, if you're not a trader, it will be difficult. Shorting against the portfolio means when the price sharply rises and has a wick. That's a risky point to sell. That is, you have to sell what you have and buy back. But I have to say, it can be done. People who actually do this, they have to do it systematically. Traders, like this, it's like we shouldn't take all of our existing holdings to short against the portfolio and then buy back. Because I believe that one day, gold is a long-term asset that will rise. One day, you will miss it. You sell, and you don't buy back. >> Uh-huh. >> And it goes up again. It goes up with a new high. Like this. I've seen this with many clients who try to short their portfolios. So, I say long-term. One day, you see it stuck at 70,000, 80,000 baht. One day, it will go up. You have to have gold back. That's about it. But at this juncture, if you absolutely must short against the portfolio, then if there's good news for gold, let's say it makes the price rise quickly. Then I think you can sell what you have and buy back. But you have to buy back. Because it hasn't fallen very deep yet. This period is sideways. It's starting to enter a sideways phase for gold. >> Finally, regarding gold, I heard that you bought gold again. After that, gold fell, and there's always talk about the price. What about gold now, Brother Ping? >> But this time, I bought gold. I bought real gold. >> Not like buying into a fund or something. Uh, bought it, and immediately accepted that it's hard to sell. >> Well, I bought it. I'm still at break-even. I haven't lost much. I bought it around this price. >> Why did you buy again? >> Uh, the day I bought again was because I believe the dollar will weaken and the Fed rate will start to fall. From Kevin Watch, speaking there, yes, he came for this purpose. And then, when the event happened last night, the Fed rate rose. I just thought to myself, "Too bad. I should have taken the money to travel." Too bad. Actually, I should have traveled, done anything. But Brother Ping doesn't think he made a wrong decision by buying gold. >> No, I'm someone who told you before, Khun Gita. I never insist that I'm right or wrong. I'm someone who can say, "Okay, I was wrong," and adjust and fix things. I'm someone who doesn't make excuses for myself. >> So, I thought, "Did I think wrong?" So, I had thoughts. But before entering, I knew what risks I was facing. >> Yes. >> And I just thought to myself, it's our nature. I bought it, and it's not like I'll get money. I have to wait for time. >> Yes, and. >> So, I'll wait a while longer. >> Yes. Are there any positive factors for gold that you foresee? >> Right now, there's only one thing: PBOC is buying heavily. Especially the latest report from last month. Uh, uh, from May, I think. They bought about 10 tons. In April, they bought 8 tons. They bought a lot. 10 tons. 10 tons, how many ounces is that? They bought a lot. And the amount keeps increasing. So, we wait. Because whenever PBOC buys like this, at first, gold won't rise much. But as they accumulate, it will start to move. So, I'm just waiting for the time. >> Yes. Besides PBOC buying, is there anything else that will support gold to rise? >> Nothing at all. Nothing at all. The scariest thing right now is the interest rate. A rising interest rate is severely bad for gold. Even worse than stocks. It's a mess. If the interest rate rises for no reason, Khun Gita, would you hold gold? Deposit money in the bank, right? We want to invest to beat inflation, don't we? So, why would you hold something that's expensive? >> Uh. >> So, if Brother Ping thinks the Fed is unlikely to raise interest rates, ultimately, this won't be negative for gold in the medium to long term, right? >> Yes. So, gold might recover if this meeting happens and the Fed says nothing, remains silent. Then the market understands that they won't raise interest rates. If the market understands, it depends on what the market understands. >> Yes. A fan club said that when Brother Ping buys, we should follow. Last time, you sold when a certain singer bought. There are fan club members who remember your actions with gold last time. What did you recommend to your fan club before they followed? >> Oh, but if you follow and lose money, don't blame me. But I emphasize that this time I bought it, and I can't sell it. It's done. I bought it, I got it from the gold shop, and I put it in the safe. That's it. So, don't worry if you want to follow me. I won't change my mind and sell it. I can't sell it anymore. >> Yes. >> Bought it, stored it long-term. >> Uh. >> Therefore, the decision to buy is a very serious matter for me. Uh, I've made the decision to buy. >> I don't know yet if I'll lose money. >> Yes. And how do you manage risk? Meaning, Brother Ping, you add. >> No, Brother Ping doesn't short gold using futures. Brother Ping doesn't use these strategies with his gold portfolio. >> Yes, yes. We just decided that we don't want to hold cash idly. So, I went and got it. But I think it's the right art of taking. It's better than buying when everything is good. That's not a good purchase. A good purchase is when it's most confusing, and then there are signs of improvement, and we go and get it. Turns out it's not really good yet. It's still confusing. So, we'll consider it as entering a bit too early. We'll wait and try again. >> I didn't buy a lot. >> Uh. >> But it's worth doing something else with the money. >> But why didn't you buy into a fund this time? Or why did you decide to buy gold bars directly? >> I think it's a good position. Khun Gita. >> Yes. >> I think it's a good position. Uh. It's not good enough yet. Khit asked if 4,000 is a buyable price. Brother Tik. >> Currently, it's very strong. Uh, uh, in summary, the decision has been made to buy. >> Yes. >> Made the decision. But everything hasn't yielded good results from this decision yet. But if something goes wrong, suppose it falls again, what should I do? I can't sell this batch, as I said. I bought it. The only thing I can do is buy more. That's the answer. >> Okay. Thank you very much for sharing today. Brother Ping, thank you very much. Goodbye. >> Thank you everyone for following us all along. Our goal is to take this channel to 1 million subscribers to expand the society of learning in economics, business, and investment. We now have YouTube Membership. Just subscribe, and you'll get exclusive content and seminars from PRP and Team Business Tomorrow. Please subscribe.