Euro Dollar parity has a positive outlook at 1 0585 level. I will follow the resistance at 1.650 - 1750. If I had dollars in my hand, I wouldn't be too late to buy euros today. Especially if the investor who is preparing for 2024 asks whether he should buy dollars or Euros, the answer is definitely Euros. Again, Euro continues to provide great opportunities. I do not plan to exit the euro before the 1.12 level is reached, and I continue to see every decline as a buying opportunity. I can say that especially those who want to diversify their assets and use basket applications should definitely pay attention to the Euro side.
I made the following warning last week, at the level of 1976 dollars per ounce of gold. We rose to the 1980 dollar level, but I expect a return from here. Our support level will first be the 1940 - 1938 dollar level, maybe if the 1938 dollar level is broken downwards, it could be the 1880 dollar level, but gradually, of course. So I will be watching the $1938 support level this week. I will be watching the $1980 resistance above. Declines, that is, my short-term predictions, may come true. In other words, if the 1938 dollar level is broken downwards, the 1880 dollar level may come. However, it is still worth noting this. The declines are not permanent; an ounce of gold will not be comfortable until it rises above the 2000 dollar level again. There is a 2010 - 2017 dollar level above. They will show it above the $2000 level one way or another. That's why the outlook is positive after short-term sales.
The ounce price of silver is at $23.23. Silver is positive, as I mentioned last week, we can see a more positive interaction compared to gold. Especially, there is a resistance of 24 dollars and 26 dollars in the ounce price of silver. I continue to wait the same way. We will see rapid increases.
I stated last week that we would quickly see the $30 - $31000 levels on the Bitcoin side. I even had warnings that a fake rise would occur up to the $40 - 45000 level. I have been stating this frequently for the last week. Currently, Bitcoin is at the level of 30742 dollars, with a value increase of 3.91%. Year-end positions are slowly closing. Geopolitical risks continue. It is normal for cryptocurrencies to experience rapid increases in a war environment. Because people are increasing their demand for cryptocurrencies to steal their assets. We will follow the $31000 resistance. Let's see if it can stay above this resistance, but it's still early.
The rise in oil prices is also very important, with the barrel price of Brent oil at 91.5 dollars. I will be watching the $94 resistance this week. The direction in oil prices is upwards. Oil, which was in the range of 85 - 90 dollars, will now settle in the range of 90 - 95 dollars. Therefore, I can say that the outlook for the oil price is positive.
The Vix fear index is upward with a 21.94% premium, meaning the fear premium is high. Because there is geopolitical risk and the dollar index is at the level of 106 dollars. Here I continue to wait for the $105 – $104.50 support levels. My expectation on the dollar index side is generally negative.
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