My Thoughts on Current Markets-258

My Thoughts on Current Markets-258


When we look at the world stock markets, especially in Germany, new peaks continue to come. When we look at the Dow Jones, Nasdaq, S&P 500, they continue to hold at least in certain areas.

If the US non-farm payrolls data is extremely bad in Nasdaq, there is a possibility of relaxation until 20900. 20500 is the main support.

After a very fast and steep rise in DAX, it experienced almost 1000 points (4%) correction at the slightest bad news. After some recovery, the correction trend should continue again, if we reach at least 7-8%, it may create a buying opportunity. My 25000 - 27000 scenario continues in the medium term.

After the 102 reaction in Dxy, we returned to the 99 band. The 97 break will bring spring air to the markets. I continue to think that every rise until the end of the year is a sale against every negativity.

There are very clear descending tops and descending bottoms on the ounce gold side. If the possible reactions here cannot take us above 3350, it may want to refresh the bottom. Our main support level for refreshing the bottom is 3240 in the short term. If we close below 3240, the selling pressure here may take us to 3130 in the first stage and then lower to 3060 and then to new lows in 2950. In this respect, the first level to pay particular attention to is 3240. I can say that it will appear as 3130 in a possible break. If we see closings above Bollinger above the 3340 - 3350 band, the upward movement may increase again and this time I can say that the movement towards 3430 may take us forward. The movement in the 3340 - 3240 range is narrowing. In closings above 3340, the 3450 - 3600 movement begins.

The price of silver broke up after the bull flag formation in the short term. It is currently working inversely correlated with gold due to the ratio. Time is running out for the 35 level, the doors will open as soon as we break it. I maintain my medium-term expectation of 50+ dollars. As long as it remains above 27, I continue to meet all declines as a purchase.

The correction that came after the peak was refreshed on the Bitcoin side. Here you can see how important the tracking period is. There was a very rare closing in gold, it happened once. Afterwards, it continued its upward movement after always trying. In other words, after the breakout from 74000 - 75000 dollars, after the breakout above 79000, the tracking continued its upward movement, provided that it was always the bottom, and now it is below the tracking period, the tracking is at 107620. As long as we do not see clear closings above 107620, the downward pressure on the Bitcoin side may continue. If 102800s are broken, it can lead us to a rapid correction to the 99000 - 95000 band. Let's pay particular attention to this. As I mentioned in short, I can say that 102800s will be the point that will show us whether the pullback in Bitcoin is over or not.

2400 is still important in Ethereum. Closing above 2700 is also important at the top, we are in between, we continue to waste time. If 2400 is broken, a drop to the 2100 support will be inevitable.

The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.

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