Three major Thai gold traders (Hua Seng Heng, YLG, MTS Gold) agree global gold has passed its low for this correction. Support is cited around USD 3,900–4,100 and resistance at USD 4,500. Spot is near USD 4,400; a ~10% rise would take the Thai bar price to about 73,000–74,000 baht. One trader sees 80,000 baht around late Q1 of 2027, tied to expected Fed rate cuts. The Fed September hike odds reportedly fell to 30% from 65%. For a business that buys or sells gold, or prices jewellery, this is a view on timing, not a firm forecast. Plan stock and pricing around a range rather than a single target.