We have seen a similar sawing movement in Dow Jones for a long time, continuing in a certain range, with 34200 being the lower point and 35600 being the upper point. After making a sharp upward move on Thursday, it gave back half of the premium it made on Thursday in a similar manner on Friday. 34800 is an important support point in the short term. If it can be permanent and meet the FED interest rate decision at these levels within the week and gather strength, we can talk about the possibility of moving towards 35600 again. Pricing above 35600 will take us back to Bolinger, which may target 36400 levels. I will follow the 34200 level below. If the 34200 level is broken, there will be a possibility of a retreat to 33500. It is useful to pay attention to the saw band range of 34200-35600 for the short term.

DAX has a range of 15600-15700 below and 16300 above. As long as we don't get out of the saw here, it will repeat the same movement. A closing above 16000 was positive, and it was not negatively affected by the US falling. This was positive for DAX. If this situation can be overcome above 16000 during the week, we may see some further upward movement. In such a case, this movement may continue until 16300. Even if it starts to close above it, it may get a little stronger and make a strong move towards a new peak. If the 15700-15600 range is broken in a possible downward break, we can talk about the possibility of a retreat to 15000, that is, the middle band of the bolinger.

Ounce gold tested the 1930s on Friday. This level will be important for us. It decreases from 1938 to 1935 on weekdays. If we can see closes above 1935's, we are likely to see stronger movements for gold. Statements from the FED will be important for the breakout. We have been watching a narrowing horizontal movement for a long time. The margin is also narrowing. The length of the movements became shorter and they began to move in a narrower band. This is usually a jam. You can see these squeezes before upward or downward movements. The 1880s below and the 1935s above will be the critical point for us this week. Here, at any possible point, the breakout will increase the volatility, moving slightly more towards the gold side. If we see an upward break, the increase in pricing above 1935 may take us to around 1970-2000. The most important resistance here is the 1975 point. I can state that if closings above 1975 start to occur, the possibility of seeing a movement targeting a positive peak for gold will increase. In the negative scenario, there is a possibility that the retreat will continue until the 1850-1830 period. If there is such a pullback, I would prefer to buy from bolinger at the first stage.

There was a rebound in silver. It went down hard and tested 22200's. There is a wide saw band between 22200 and 25000. The back and forth continues in this interval. The negative point here was that it remained below the bolinger. With the reaction we got on Friday, we blamed it again. If it can hold on above these levels at 23000, it may gain strength and move towards the main resistance area at 23700. If the 23700s are exceeded, we talk about the possibility of seeing a strong movement towards the 24600-25000 range. If there is a negative situation below and both bolinger and 22200 are broken, we expect a movement in silver towards the 21300 support.

On the Brent side, the upper band of the bolinger is important and in general, if this is not breached with very large positive news flows such as oil cuts, I expect a correction from here. But if it starts to make clear closings above the bolinger, we will say that the movement has just begun. I can say that we will expect the upward momentum to increase on the Brent side. We will especially pay attention to the 95-97 range on the Brent side this week. The upward direction will be supported with the increase in closings above these ranges. But if sales are increasing in the 95-97 range, some correction will be expected here. In the first stage, a retreat to the 88 range is expected after 92. Retreats up to the 90 band should be considered normal. If closings begin to occur below 89, we can say that a further pullback may continue and movements towards the 86-83 band may increase.

My opinions are not investment advice. Please do your own research.