YLG states that gold prices are still fluctuating, maintaining levels close to their target of $3,000 per ounce. Although there has been some short-term profit-taking, the uncertain and frequently changing tax policies under President Donald Trump have led investors to turn to gold as a safe-haven asset.
The medium-to-long-term factors supporting gold remain strong, with signs of weakening U.S. economic data and potential future impacts from global trade. Additionally, the market is now expecting the Federal Reserve to cut interest rates by 0.75%.
YLG maintains its full-year target for gold prices at $3,000–$3,100 per ounce. In the short term, they recommend investors to engage in speculative trading and explore investment options through futures markets. Recently, YLG has partnered with TradingView to offer more investment options, providing exclusive benefits for opening a YLG Futures account and enhancing access to comprehensive investment data.
Ms. Thipa Navwattanapsub, CEO of YLG Bullion and Futures Co., Ltd. (YLG), a futures trading representative, disclosed that gold prices are still able to move sideways at high levels, close to YLG’s target price of $3,000–$3,100 per ounce. This is driven by the continued weakening of the U.S. dollar this week after weak U.S. economic data, such as the PMI manufacturing index from ISM and the private-sector ADP payrolls report, which fell to 77,000 jobs, below expectations of 141,000 jobs. The U.S. labor market data will need close monitoring.
Additionally, when gold prices retreat, there is buying interest as a safe-haven asset, especially driven by concerns about potential trade wars that may impact the global economy. This is largely due to uncertainty regarding U.S. tariff measures. Although President Trump has announced a delay in imposing a 25% tariff on goods under the U.S.-Mexico-Canada Agreement (USMCA) until April 2, this coincides with the start of retaliatory tariff measures (Reciprocal Tariffs) against all countries that impose tariffs on the U.S. The White House estimates that 62% of goods imported from Canada will still be subject to tariffs, as will about 50% of goods from Mexico.
YLG continues to confirm its original target of $3,000 per ounce, and if that level is surpassed, it may test the next resistance at $3,100 per ounce. Given the significant rise in gold prices, there may be short-term profit-taking, but YLG still believes the long-term trend for this year remains bullish. In addition to the factors mentioned above, the trend of the Federal Reserve’s monetary policy this year has led the market to revise expectations of a 0.75% interest rate cut, bringing the range to 3.50-3.75% by the end of the year, a reduction greater than the previous signals in the Fed’s Dot Plot, which suggested a 0.50% rate cut. This creates a positive sentiment for gold as a beneficiary of a declining interest rate environment.
For short-term gold price movements, YLG sees sideways movement at high levels within a range of $2,892-$2,931 per ounce. If gold breaks above these levels, it may test the minor resistance at $2,955-$2,970 per ounce before heading towards the $3,000 target. On the other hand, if prices fall below this range, the key support level is at $2,832 per ounce. If gold stays above this level, it may accumulate buying pressure for further upward movement in the medium-to-long term.
For domestic 96.5% gold bars, YLG recommends trading and profit-taking within a short-term fluctuating range, with the lower range at 46,000-45,800 baht per baht of gold, and the upper range at 47,150-47,400 baht per baht of gold.
Additionally, during times when gold prices fluctuate, it presents an opportunity for investors to trade in the futures market, where profits can be made in any market condition. Recently, YLG has launched a promotion for clients who open accounts with YLG Futures, granting access to the TradingView Essential Plan, which provides clients with five key benefits: 1. Comprehensive charts and indicators, including Volume Profile. 2. Drawing tools and technical features. 3. Price alerts. 4. Trade ideas from the community. 5. No ads and more.
Moreover, YLG sees dollar-cost averaging (DCA) as an interesting investment strategy, as it allows investors to access various gold prices. Currently, investors can set up automatic purchase schedules. For beginner investors, YLG recommends the Get Gold by YLG app, which allows investments starting at just 100 baht. The app has been well-received, as it meets the needs of modern investors who want to buy and sell gold spot in real-time, 24 hours a day, via their smartphones. The platform is reliable and secure, with actual profit opportunities. Users can verify their identity and submit documents through the app and receive approval on the same day, allowing them to buy and sell gold immediately. Investments start at 100 baht, with a daily limit of 80 kilograms. Interested parties can start investing in gold by visiting: https://www.ylgcorporation.co.th. The app is available for download from the App Store and Play Store, or via LINE: @ylggetgold or by calling 0-2678-9888.
