{"id":23064,"date":"2025-06-20T06:32:56","date_gmt":"2025-06-20T06:32:56","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=23064"},"modified":"2025-06-20T06:32:56","modified_gmt":"2025-06-20T06:32:56","slug":"daily-commentary-224","status":"publish","type":"post","link":"https:\/\/www.meisheng.asia\/th\/daily-commentary-224-20250620\/","title":{"rendered":"Defending $3,350 support is critical for GOLD buyers"},"content":{"rendered":"<ul class=\"has-text-color wp-block-list\" style=\"color:#f40307\">\n<li><strong>Gold price flirts with weekly lows near $3,350 early Friday after a flattish close on Thursday.<\/strong><\/li>\n\n\n\n<li><strong>Risk appetite is back on easing Middle East tensions, weighing on safe-havens &#8211; Gold price and the US Dollar. \u00a0<\/strong><\/li>\n\n\n\n<li><strong>Gold price tests critical 21-day SMA support at $3,350, with the daily RSI still bullish.<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Gold price is back in the red early Friday, following a mixed close amid holiday-thinned trading on Thursday.Traders continue to keep a close on the Middle East geopolitical developments and US Fed commentaries for fresh trading incentives.<\/p>\n\n\n\n<p>In the absence of top-tier economic data releases from the US on Friday, Gold price will likely remain at the mercy of the USD dynamics, fuelled by the broader market sentiment, in the face of the ongoing geopolitical upheaval in the Middle East.<\/p>\n\n\n\n<p>There has been no bad news on the Iran-Israel conflict front so far this Friday, rendering positive for markets and reviving risk flows.US President Trump reportedly said that he will give Iran a last chance to make a deal to end its nuclear program. Trump noted on Thursday that he would delay his final decision on launching strikes for up to two weeks.<\/p>\n\n\n\n<p>Reports of the US easing its aggression on Iran are lifting higher-yielding assets at the expense of safe havens such as Gold price and the USD.<\/p>\n\n\n\n<p>However, the end-of-the-week flows and the markets\u2019 repositioning in the aftermath of the Fed\u2019s policy announcements could influence the Gold price action as US traders return after the Juneteenth holiday break. Geopolitics will continue to lead the sentiment, primarily.<\/p>\n\n\n\n<h5 class=\"wp-block-heading has-vivid-red-color has-text-color has-small-font-size\">\u0e01\u0e32\u0e23\u0e27\u0e34\u0e40\u0e04\u0e23\u0e32\u0e30\u0e2b\u0e4c\u0e17\u0e32\u0e07\u0e40\u0e17\u0e04\u0e19\u0e34\u0e04\u0e23\u0e32\u0e22\u0e27\u0e31\u0e19<\/h5>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"402\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2025\/06\/image-9-1024x402.png\" alt=\"\" class=\"wp-image-23065\" srcset=\"https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/06\/image-9-1024x402.png 1024w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/06\/image-9-300x118.png 300w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/06\/image-9-768x301.png 768w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/06\/image-9-1536x602.png 1536w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/06\/image-9-18x7.png 18w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/06\/image-9.png 1594w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n\n\n\n<p>\u0e43\u0e19\u0e17\u0e32\u0e07\u0e40\u0e17\u0e04\u0e19\u0e34\u0e04 \u0e1c\u0e39\u0e49\u0e0b\u0e37\u0e49\u0e2d\u0e17\u0e2d\u0e07\u0e04\u0e33\u0e22\u0e31\u0e07\u0e04\u0e07\u0e21\u0e35\u0e04\u0e27\u0e32\u0e21\u0e2b\u0e27\u0e31\u0e07 \u0e15\u0e23\u0e32\u0e1a\u0e43\u0e14\u0e17\u0e35\u0e48 RSI 14 \u0e27\u0e31\u0e19 \u0e22\u0e31\u0e07\u0e04\u0e07\u0e2d\u0e22\u0e39\u0e48\u0e40\u0e2b\u0e19\u0e37\u0e2d\u0e40\u0e2a\u0e49\u0e19\u0e01\u0e36\u0e48\u0e07\u0e01\u0e25\u0e32\u0e07 \u0e15\u0e31\u0e27\u0e0a\u0e35\u0e49\u0e27\u0e31\u0e14\u0e19\u0e33\u0e01\u0e33\u0e25\u0e31\u0e07\u0e0a\u0e35\u0e49\u0e25\u0e07 \u0e43\u0e01\u0e25\u0e49\u0e23\u0e30\u0e14\u0e31\u0e1a 52.<\/p>\n\n\n\n<p>\u0e23\u0e32\u0e04\u0e32\u0e17\u0e2d\u0e07\u0e04\u0e33\u0e15\u0e49\u0e2d\u0e07\u0e1b\u0e01\u0e1b\u0e49\u0e2d\u0e07\u0e41\u0e19\u0e27\u0e23\u0e31\u0e1a\u0e2a\u0e33\u0e04\u0e31\u0e0d\u0e43\u0e19\u0e23\u0e30\u0e22\u0e30\u0e2a\u0e31\u0e49\u0e19\u0e02\u0e2d\u0e07\u0e04\u0e48\u0e32\u0e40\u0e09\u0e25\u0e35\u0e48\u0e22\u0e40\u0e04\u0e25\u0e37\u0e48\u0e2d\u0e19\u0e17\u0e35\u0e48 21 \u0e27\u0e31\u0e19 \u0e17\u0e35\u0e48 $3,350 \u0e1a\u0e19\u0e01\u0e32\u0e23\u0e1b\u0e34\u0e14\u0e23\u0e32\u0e22\u0e27\u0e31\u0e19\u0e2b\u0e23\u0e37\u0e2d\u0e23\u0e32\u0e22\u0e2a\u0e31\u0e1b\u0e14\u0e32\u0e2b\u0e4c \u0e40\u0e1e\u0e37\u0e48\u0e2d\u0e40\u0e2a\u0e23\u0e34\u0e21\u0e04\u0e27\u0e32\u0e21\u0e2a\u0e19\u0e43\u0e08\u0e43\u0e19\u0e01\u0e32\u0e23\u0e0b\u0e37\u0e49\u0e2d.<\/p>\n\n\n\n<p>\u0e2b\u0e32\u0e01\u0e44\u0e21\u0e48\u0e2a\u0e33\u0e40\u0e23\u0e47\u0e08 \u0e40\u0e2a\u0e49\u0e19\u0e04\u0e48\u0e32\u0e40\u0e09\u0e25\u0e35\u0e48\u0e22\u0e40\u0e04\u0e25\u0e37\u0e48\u0e2d\u0e19\u0e17\u0e35\u0e48 50 \u0e27\u0e31\u0e19 \u0e17\u0e35\u0e48\u0e23\u0e30\u0e14\u0e31\u0e1a $3,318 \u0e08\u0e30\u0e16\u0e39\u0e01\u0e17\u0e14\u0e2a\u0e2d\u0e1a\u0e40\u0e1b\u0e47\u0e19\u0e25\u0e33\u0e14\u0e31\u0e1a\u0e16\u0e31\u0e14\u0e44\u0e1b \u0e23\u0e30\u0e14\u0e31\u0e1a\u0e41\u0e19\u0e27\u0e23\u0e31\u0e1a\u0e16\u0e31\u0e14\u0e44\u0e1b\u0e2d\u0e22\u0e39\u0e48\u0e17\u0e35\u0e48 $3,297 \u0e0b\u0e36\u0e48\u0e07\u0e40\u0e1b\u0e47\u0e19\u0e23\u0e30\u0e14\u0e31\u0e1a Fibo 38.2% \u0e02\u0e2d\u0e07\u0e01\u0e32\u0e23\u0e1b\u0e23\u0e31\u0e1a\u0e15\u0e31\u0e27\u0e02\u0e36\u0e49\u0e19\u0e43\u0e19\u0e40\u0e14\u0e37\u0e2d\u0e19\u0e40\u0e21\u0e29\u0e32\u0e22\u0e19,<\/p>\n\n\n\n<p>\u0e2d\u0e35\u0e01\u0e17\u0e32\u0e07\u0e2b\u0e19\u0e36\u0e48\u0e07 \u0e01\u0e32\u0e23\u0e1f\u0e37\u0e49\u0e19\u0e15\u0e31\u0e27\u0e02\u0e2d\u0e07\u0e23\u0e32\u0e04\u0e32\u0e17\u0e2d\u0e07\u0e04\u0e33\u0e08\u0e30\u0e15\u0e49\u0e2d\u0e07\u0e21\u0e35\u0e01\u0e32\u0e23\u0e17\u0e30\u0e25\u0e38\u0e1c\u0e48\u0e32\u0e19 $3,377 \u0e2d\u0e22\u0e48\u0e32\u0e07\u0e0a\u0e31\u0e14\u0e40\u0e08\u0e19 \u0e0b\u0e36\u0e48\u0e07\u0e40\u0e1b\u0e47\u0e19\u0e23\u0e30\u0e14\u0e31\u0e1a Fibo 23.6% \u0e02\u0e2d\u0e07\u0e01\u0e32\u0e23\u0e02\u0e36\u0e49\u0e19\u0e40\u0e14\u0e35\u0e22\u0e27\u0e01\u0e31\u0e19 \u0e40\u0e1e\u0e37\u0e48\u0e2d\u0e01\u0e25\u0e31\u0e1a\u0e44\u0e1b\u0e22\u0e31\u0e07\u0e42\u0e0b\u0e19\u0e2d\u0e38\u0e1b\u0e17\u0e32\u0e19 $3,400.<\/p>\n\n\n\n<p>\u0e01\u0e32\u0e23\u0e1b\u0e23\u0e31\u0e1a\u0e15\u0e31\u0e27\u0e02\u0e36\u0e49\u0e19\u0e40\u0e1e\u0e34\u0e48\u0e21\u0e40\u0e15\u0e34\u0e21\u0e08\u0e30\u0e17\u0e49\u0e32\u0e17\u0e32\u0e22\u0e41\u0e19\u0e27\u0e15\u0e49\u0e32\u0e19\u0e17\u0e35\u0e48\u0e04\u0e07\u0e17\u0e35\u0e48\u0e17\u0e35\u0e48 $3,440 \u0e08\u0e30\u0e16\u0e39\u0e01\u0e17\u0e14\u0e2a\u0e2d\u0e1a.<\/p>\n\n\n\n<p>\u0e1c\u0e39\u0e49\u0e0b\u0e37\u0e49\u0e2d\u0e08\u0e30\u0e23\u0e31\u0e1a\u0e0a\u0e48\u0e27\u0e07\u0e15\u0e48\u0e2d\u0e17\u0e35\u0e48\u0e23\u0e30\u0e14\u0e31\u0e1a\u0e2a\u0e39\u0e07\u0e2a\u0e38\u0e14\u0e43\u0e19\u0e23\u0e2d\u0e1a\u0e2a\u0e2d\u0e07\u0e40\u0e14\u0e37\u0e2d\u0e19\u0e17\u0e35\u0e48 1,TP5,345,345.<\/p>","protected":false},"excerpt":{"rendered":"<p>Gold price is back in the red early Friday, following a mixed close amid holiday-thinned trading on Thursday.Traders continue to keep a close on the Middle East geopolitical developments and US Fed commentaries for fresh trading incentives. In the absence of top-tier economic data releases from the US on Friday, Gold price will likely remain &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.meisheng.asia\/th\/daily-commentary-224-20250620\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Defending $3,350 support is critical for GOLD buyers&#8221;<\/span><\/a><\/p>","protected":false},"author":5,"featured_media":17233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-23064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-commentary"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/comments?post=23064"}],"version-history":[{"count":1,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23064\/revisions"}],"predecessor-version":[{"id":23066,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23064\/revisions\/23066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/media\/17233"}],"wp:attachment":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/media?parent=23064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/categories?post=23064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/tags?post=23064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}