When we look at the DAX side, it has recovered all its losses. When you look at the chart, it is almost just below the peak. In other words, despite the fact that there is no development in anything about the 20% downward movement here, and despite the fact that no clear step has been taken in the positive direction, it has recovered all of it. The fastest recovering index is technically the 23500 resistance zone. It is expected to linger here a little. In the short, the support level is 22500, we left a little too much space while going up. It will advance to the target level of 25000 or even 27000 above the main support level of 20000 on the threshold of big zigzags.
We closed last week above 5500 in Sp500. Technically, as long as we do not fall permanently below 5250, the target price is between 7500 - 8000.
We reached the 2000 resistance in Us2000. Technically, relaxations up to the level of 1800 are considered normal. As long as we stay above 1500, the medium-term target price is 3000.
The strong momentum from 16500 continues in Nasdaq. We reached the 200 dma level of 20300 in 4 weeks. I do not expect this to be passed immediately. We can fluctuate between 19500 - 20500 with zigzags for a while. If we fall below 19500 and stay permanent, the 18500 gap level may come to the agenda. In the medium term, every level we stay above 17500 will ask for 23000 - 25000 or even 27000. As long as 17500 is maintained, all declines continue to be buy.
The increases up to the level of 102 in Dxy are technical corrections of the decline. Then, the medium term is 92, the long term is 85-82 dollars. Since 2023, Dxy has continued to sell everything and buy everything.
In Eur/Usd, the 1.09-1.11 range is the correction zone of the rise, declines up to this point can be tolerated. As long as the main support level remains above this level around 1.07, we will talk about the 1.20 figure.
Usdjpy may rise up to the 146-148 range this week, then we will talk about the 140, 135 and 130 levels. Every exit is a selling opportunity, the main target is 120.
In Aud/Usd, declines up to the 0.6350-0.6250 range are considered normal. As long as it remains above 0.55, every decline is a buying opportunity. The main target is the 0.75-0.80 range.
On the Bitcoin side, the sharp upward movement that started with the correction in gold in the recent period continues, albeit slightly. There is a slight correction at the end of the week, but will we overcome this correction, especially above 95000, or not? I can say that it is useful to look at this. Look, the one that is tracking has also reached 95000. The importance of tracking time is that after experiencing a breakout, after receiving an upward breakout, there is no closing below it. We have always seen that it has turned upwards with point contacts. If we get closings below the tracking time below 95000, our probability of correction towards the 91000 - 87000 band will increase. If 95000 will continue to be support, 100000s are important for us in the short term. If this level is exceeded, I can say that the probability of seeing a movement towards the 100000 - 107000 band will also increase. Technical appearance is bull flag, support in the short is 92000, the formation is broken in case of falling below. 85000 move may be seen. If the formation works, the target price is 104000 in the short. In the medium term, every decrease continues to be a purchase. Global money supply will increase and we will move towards the expected 150000 - 180000 movement.
After breaking 2000 in Ethereum, the 1000 level would come to the agenda, we found support at 1300. If the movement is going to continue, it should decide within 15 days and move above 2100. Short support is 1700, medium-term target price is 8000.
When we look at ounce gold, I had stated that the target points of the correction are approximately 3200 - 3240 levels, even below 3170 support, if there is a break, it could reach 3140. This correction has happened. It continues to happen. We have received a reaction from Bollinger's upper band. But the reaction is weak for now. Even if there is a negative news flow, for example, when you look at the India - Pakistan side, it cannot give very serious reactions. As long as the 3340 - 3350 region is not exceeded in the short term, upward movements can only be called, qualified and evaluated as a selling opportunity, unless there are very negative developments. If there are any negative developments, you can easily see the 3340 - 3350 band being passed. However, as long as we cannot pass this level in the short term, downward pressure will increase.
Especially if the upper band of Bollinger is broken, that is, if the level of 3200 is broken, there is a possibility that we will retreat to 3140. In such a correction, the final target may be the 2950 - 3050 band in the short term. In other words, if we start to see the softening signals on the US side and the softening signals on the Chinese side clearly, this area may be considered as the target for the withdrawal of this movement. If you think that I will start buying gold from scratch, I think that this range, that is, the 2950 - 3050 band, can be followed as a suitable range for this. In the short term, as long as 3200 is not broken, it is open to reactions, the target for reactions is between 3340 - 3350. If a break occurs, it may indicate that we may see movement towards the 3140 - 3050 band again in the short term.
The correction I expected from the 3400 region is taking place. The number I will follow shortly is 3150, if we can hold on to this level and push it above 3300 again, the movement will continue upwards from where it left off. If the 3150 level is broken, there are open net buyers waiting there to buy down to 2800. In the long term (12-36 months), as long as the declines remain above 2500, they will take us to 4000 - 5000 and the final target will be 7000.
The technical appearance of ounce silver is a big bull flag. The lower band is 28.50, the upper band is 35, we continue to fluctuate between these two levels. Buy declines up to 28.50 (roughly 27 is not broken). Close continues as we approach the 35 level. Here, the level that should be followed carefully is 35.50, buyers will accelerate above. In the medium term, every decline continues as a purchase. We will reach the level of 50+ dollars this year.
After a while of zigzagging movement for Brent oil, our new band is the 50 - 60 dollar range. Every rise continues to be a selling opportunity. The main target is $40 in the medium term.
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