YLG recommends buying back gold above $4,142, waiting for support at $4,109 if it breaks lower

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Summary · why it matters

YLG recommends that investors buy back their short gold positions if the price does not break below support at $4,142 per ounce, and advises waiting to buy back at the next support level of $4,109 if the price falls through. It also suggests moving the trailing stop to lock in profits. Meanwhile, it recommends opening short positions again if the price rebounds but fails to break through $4,220, with a stop loss on the short position if the price passes that level. Gold traded today in a range of $4,139 to $4,192 per ounce. Domestically, the selling price of 96.5% gold bars stood at 66,350 baht per baht-weight of gold, down 200 baht from the previous day's price of 66,550 baht. On October 1, 2026, the gold price fell to $4,160 per ounce, driven by geopolitical factors from the US–Iran war through the energy inflation channel, after President Trump rejected Iran's proposal asking the US to lift its blockade of Iranian ports in the Strait of Hormuz and denied reports that sanctions would be eased. Brent crude closed at $103.53 per barrel, up 0.92%, and gained about 14% for the month of September compared with the previous month. WTI closed at $90.42 per barrel, up 1.16%. The CME Group's FedWatch tool reflected that the probability of the Fed raising rates by 0.25% in October fell to about 37% from 51% the previous day and about 71% a week earlier. Goldman Sachs pushed back its forecast for the next rate hike to December and sees a high chance that the FOMC will not raise rates again.

Impact on assets 3

Carbon Removal (DAC)▲ · 1 stocks
Financials▲ · 1 stocks
Others▼ · 1 stocks
⛏Gold Futures
GOLD
▼ NegativeGeopoliticsrelevance

Gold fell to $4,160 on geopolitical factors from the US–Iran war via the energy-inflation channel after Trump rejected Iran's proposal and denied sanctions easing.

Off-coverage companies 1

YLG Bullion and Futures Public Company LimitedPrivate± Mixed
relevance

YLG issued trading recommendations on gold support/resistance levels; no clear directional driver for the company itself.

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