{"id":23319,"date":"2025-10-22T03:44:08","date_gmt":"2025-10-22T03:44:08","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=23319"},"modified":"2025-10-22T03:44:08","modified_gmt":"2025-10-22T03:44:08","slug":"daily-commentary-288","status":"publish","type":"post","link":"https:\/\/www.meisheng.asia\/th\/daily-commentary-288-20251022\/","title":{"rendered":"\u0e17\u0e2d\u0e07\u0e04\u0e33\u0e1e\u0e1a\u0e41\u0e23\u0e07\u0e0b\u0e37\u0e49\u0e2d\u0e40\u0e21\u0e37\u0e48\u0e2d\u0e23\u0e32\u0e04\u0e32\u0e1b\u0e23\u0e31\u0e1a\u0e25\u0e14\u0e25\u0e07\u0e2b\u0e25\u0e31\u0e07\u0e01\u0e32\u0e23\u0e02\u0e32\u0e22 \u0e21\u0e2d\u0e07\u0e04\u0e27\u0e32\u0e21\u0e04\u0e37\u0e1a\u0e2b\u0e19\u0e49\u0e32\u0e01\u0e32\u0e23\u0e04\u0e49\u0e32\u0e2a\u0e2b\u0e23\u0e31\u0e10\u0e2f-\u0e08\u0e35\u0e19"},"content":{"rendered":"<ul style=\"color:#f40307\" class=\"wp-block-list has-text-color\">\n<li><strong>Gold bounces off key support near $4,000 as the profit-taking decline stalls early Wednesday.<\/strong><\/li>\n\n\n\n<li><strong>US Dollar reverses Tuesday\u2019s upswing as traders await the US-China trade talks, geopolitical updates. \u00a0\u00a0<\/strong><\/li>\n\n\n\n<li><strong>Gold\u2019s bullish trend remains intact as the daily RSI remains above the 50 level, despite the recent steep drop.<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Gold is attempting a recovery above the $4,100 mark early Wednesday, after having reversed a further sell-off to near the key $4,000 support. Gold buyers fight back control, awaiting fresh developments on the US-China trade front.<\/p>\n\n\n\n<p>Gold is licking its wounds following the intense volatility witnessed so far this week.<\/p>\n\n\n\n<p>Having lost over 5% on Tuesday, Gold gave away another $125 in the early Asian trading hours, but bargain hunters quickly jumped in at lower levels, driving the bright metal back to near $4,100 threshold.<\/p>\n\n\n\n<p>Tuesday\u2019s $230 correction was mainly due to profit-taking as the record-setting rally was overdone. Traders resorted to cashing in on their long positions amid easing US-China trade tensions as US President Donald Trump touted a fair deal with China when he meets his counterpart Xi Jinping in South Korea next week.<\/p>\n\n\n\n<p>Meanwhile, markets also eagerly awaited the trade discussions between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Malaysia to de-escalate the renewed trade tensions.<\/p>\n\n\n\n<p>The sell-off in Gold was also sparked by an intense buying wave in the USD, courtesy of a sharp rally in the USD\/JPY pair. The JPY faced strong headwinds after Sanae Takaichi was elected as Japan&#8217;s Prime Minister. An expansionary era in Japan is likely to return, with Takaichi at the top, which weighed on the JPY while boosting USD\/JPY.<\/p>\n\n\n\n<p>Looking ahead, all eyes remain on fresh developments surrounding the US-China trade talks, with the US government shutdown still in place and a meeting between Trump and Russian President Vladimir Putin called off.<\/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=\"365\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2025\/10\/image-9-1024x365.png\" alt=\"\" class=\"wp-image-23320\" srcset=\"https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/10\/image-9-1024x365.png 1024w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/10\/image-9-300x107.png 300w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/10\/image-9-768x274.png 768w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/10\/image-9-18x6.png 18w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/10\/image-9.png 1536w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n\n\n\n<p>Gold tested the critical support in the area $4,007-$3,973, where the 21-day SMA and the 38.2% Fibonacci Retracement level of the parabolic rise from mid-August align.<\/p>\n\n\n\n<p>Buyers need to recapture the 23.6% Fibo support-turned-resistance at $4,129 to sustain the rebound toward all-time highs of $4,382.Ahead of that level, the $4,300 round figure needs to be taken out.<\/p>\n\n\n\n<p>The 14-day RSI has paused its pullback from the extreme overbought zone to trade near 59, as of writing.The leading indicator suggests that the longer-term bullish potential in Gold remains intact.<\/p>\n\n\n\n<p>On the flip side, if the aforesaid confluence support zone at around $4,000 gives way, a steeper correction could unfold toward the 50% Fibo level at $3,847.<\/p>\n\n\n\n<p>The line in the sand for Gold buyers is seen at the 61.8% Fibo, the Golden Ratio, at $3,722. The 50-day SMA coincides at that level, making it a powerful downside cap.<\/p>","protected":false},"excerpt":{"rendered":"<p>Gold is attempting a recovery above the $4,100 mark early Wednesday, after having reversed a further sell-off to near the key $4,000 support. Gold buyers fight back control, awaiting fresh developments on the US-China trade front. Gold is licking its wounds following the intense volatility witnessed so far this week. Having lost over 5% on &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.meisheng.asia\/th\/daily-commentary-288-20251022\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GOLD sees dip-buying after sell-off, looks to US-China trade updates&#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-23319","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\/23319","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=23319"}],"version-history":[{"count":1,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23319\/revisions"}],"predecessor-version":[{"id":23321,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23319\/revisions\/23321"}],"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=23319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/categories?post=23319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/tags?post=23319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}