{"id":23316,"date":"2025-10-21T03:37:54","date_gmt":"2025-10-21T03:37:54","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=23316"},"modified":"2025-10-21T03:37:54","modified_gmt":"2025-10-21T03:37:54","slug":"daily-commentary-287","status":"publish","type":"post","link":"https:\/\/www.meisheng.asia\/th\/daily-commentary-287-20251021\/","title":{"rendered":"GOLD runs into $4,380 resistance again, bullish potential still intact"},"content":{"rendered":"<ul style=\"color:#f40307\" class=\"wp-block-list has-text-color\">\n<li><strong>Gold\u2019s parabolic rally once again stalls near $4,380 as profit-taking seeps in ahead of US-China trade talks.<\/strong><\/li>\n\n\n\n<li><strong>US Dollar looks to revive its recovery amid US-China trade woes, risk flows, and extended US shutdown. \u00a0<\/strong><\/li>\n\n\n\n<li><strong>Gold could find fresh buyers at the channel resistance-turned-support near $4,285, if the correction extends.<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Gold is pulling back toward $4,300 early Tuesday, after having faced rejection once again near the $4,380 region. The focus remains on the US-China trade talks amid broader market uncertainty.<\/p>\n\n\n\n<p>Nothing seems to have changed for Gold from a fundamental standpoint.<\/p>\n\n\n\n<p>However, markets have turned hopeful that the US and China could reach a trade deal as high-level talks resume this week.US Treasury Secretary Scott Bessent said on Friday he expects to meet this week with Chinese Vice Premier He Lifeng in Malaysia to de-escalate the renewed trade tensions.<\/p>\n\n\n\n<p>Easing US-China trade concerns revive the USD recovery, capping the Gold price upside.<\/p>\n\n\n\n<p>White House Economic Adviser Kevin Hassett said on Monday the government shutdown could likely end this week, boosting risk sentiment further and acting as a headwind to Gold\u2019s record-setting rally.<\/p>\n\n\n\n<p>That said, Gold remains a go-to safe haven asset and a \u2018buy-on-pullbacks\u2019 trade as investors face uncertainty ahead of the critical US CPI release on Friday and key earnings reports from big US companies.<\/p>\n\n\n\n<p>Meanwhile, growing bets of two Fed interest rate cuts keep bargain-hunting demand for the bright metal intact.<\/p>\n\n\n\n<p>Furthermore, markets digest the latest tariff tantrum by US President Donald Trump as he threatened late Monday to impose 155% tariffs on China from November 1 unless they make a deal.<\/p>\n\n\n\n<p>All in all, Gold traders will continue to monitor US-China trade updates and broader market sentiment for fresh directives.<\/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=\"364\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2025\/10\/image-8-1024x364.png\" alt=\"\" class=\"wp-image-23317\" srcset=\"https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/10\/image-8-1024x364.png 1024w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/10\/image-8-300x107.png 300w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/10\/image-8-768x273.png 768w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/10\/image-8-18x6.png 18w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/10\/image-8.png 1536w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n\n\n\n<p>As Gold has been recording all-time highs each day for a week, the immediate hurdle is seen at the $4,380 supply zone, above which the $4,400 must be conquered.The next resistance is seen at the $4,450 psychological level, followed by the $4,500 mark.<\/p>\n\n\n\n<p>The 14-day RSI is easing further from the extreme overbought zone, currently near 78.50, suggesting that buyers could be prepping up for a fresh leg higher on pullbacks.<\/p>\n\n\n\n<p>To the downside, the rising channel resistance-turned-support at $4,285 could limit the correction.<\/p>\n\n\n\n<p>A sustained move below that level could open further declines toward the actual channel support at $4,136.<\/p>\n\n\n\n<p>The natural tendency of the rising channel formation is a break to the downside and hence, a daily candlestick close below the latter could confirm a bearish breakdown, initiating a fresh downtrend toward the $4,001, where the 21-day SMA aligns.<\/p>","protected":false},"excerpt":{"rendered":"<p>Gold is pulling back toward $4,300 early Tuesday, after having faced rejection once again near the $4,380 region. The focus remains on the US-China trade talks amid broader market uncertainty. Nothing seems to have changed for Gold from a fundamental standpoint. However, markets have turned hopeful that the US and China could reach a trade &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.meisheng.asia\/th\/daily-commentary-287-20251021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GOLD runs into $4,380 resistance again, bullish potential still intact&#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-23316","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\/23316","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=23316"}],"version-history":[{"count":1,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23316\/revisions"}],"predecessor-version":[{"id":23318,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23316\/revisions\/23318"}],"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=23316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/categories?post=23316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/tags?post=23316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}