Corrections have always been normal in gold, especially up to Bollinger. It has done so in the past and rebounded upwards. It resisted here too, but we saw the breakout on Thursday and then we saw the sales harden. I can say that the downward pressure will continue as long as the 2900-2920 band is not exceeded in the following process, which should be paid particular attention to. Here, especially in the first stage, 2820 and then the old peak of 2790 has the possibility of being an important support. I can say that as long as this range is support, purchases can be made for reaction. There is no problem as long as 2790 is not broken, but if it is broken, the size of the correction will continue until 2720. In the short term, I can say that as long as the 2900-2920 level is not exceeded, the pressure on gold will continue.
The narrowing structure in gold has been broken downwards and we have reached the 2850s. Technically, there is still no clear deterioration. The 3400 - 3600 range is still the target, but if you cannot control the margin - cash register, you will have trouble. The reason is that there is no movement area of 5 - 15 dollars per day as before. The short support is 2770, below 2700. The 3000 - 3100 range is targeted above these two levels. If the downselling gets stronger, this time we may encounter central bank purchases. The year is a whole. I continue to expect the 3400 - 3700 or maybe even 3900 figures to appear this year.
I would not expect silver to return after it technically passed 32.50 in ounces. However, ounces kept up with gold. I think this year will be a year when it will separate from ounces. Unless 25 dollars is cut, 50+ dollars is the target. In the short, 30.50 is the support for strengthening and it needs to rise above 32.50 again.
On the Brent side, I was talking about a pullback to the 71-72 band as long as the 77s are not exceeded, and we actually experienced this. 71.80s are our important support here as well. The point I have been showing for weeks has reacted as the bottom. But on Friday, it turned to selling again, albeit slightly. It is useful to follow whether the 71.80s will continue to be support here or not. If 71.80 is broken, there is a possibility that Brent oil will pullback to the 70-68.50 band. In possible reactions, we need to close above the 73.87 levels so that it can return strongly upwards again. This will allow us to test the 76-77 band again when I say strongly. As long as we cannot do this, I can say that the upward reactions are doomed to turn to selling again and test the 71.80s on the Brent side. Every exit continues to be a selling opportunity, $60 is the target.
I mentioned that a 108 reaction could come in Dxy last week, there was a reaction, if there is no extreme deterioration in the market, we should relax to the 104 region. The risk level is 110 and above.
Nasdaq took the price down suddenly and seriously last week, bringing it to the main support range of 20000 - 20400. If this had been broken, we would be talking about completely different things right now. 20300 is still an important support, as long as we do not break this place and close below it, the bullish trend will continue. Of course, if there is a break of 20300, one should not be foolish enough to chase a net buy. Because that level is very important. It creates the possibility of opening up to 18500 below. I expect it to open up with a gap this week. After the opening, relaxations up to 20400 - 20600 are normal, the main direction is still net up. As long as it stays above 20000, the bullish trend will continue.
I had stated last week that I expected some selling in Dax. However, we are facing a stronger Dax than expected. Technically, relaxations up to 22000 are normal. We are at levels where short traders should be careful and I definitely recommend a stop transaction in this product. If there is a recovery on the global side, a new peak movement can be expected again.
After Bitcoin broke the short horizontal channel, it touched the 200-day moving average price (81000), which is an important support. We saw a serious reversal reaction with Trump's statements on Sunday. The 97000 level is an important resistance, if this is broken permanently, we will start to see everything turn green.
The reaction of the flash crash sale in Ethereum was short (positive). If we had gone up first (in the 3000 - 3100 band), a reverse and distorted formation would have formed and we would have been able to talk about $1000. The healthy thing was to fill the needle. In fact, all metrics say that the rise must start now, but the market maker does not allow it. They are selling the eths they are in profit at the bottom and partially collecting their own products. We jumped up with Trump's statements, if it persists for 2-3 days, the chart will work clearly.
We could not exceed 1.05 in EUR-USD again. Our band is 1.02 - 1.05 for now. If we can exceed 1.05, 1.08 - 1.09 will come to the agenda.
We can see 152 - 153 movement in USD-JPY this week. I continue to sell every exit, the main target is 130.
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