Euro - Dollar parity is at 1.0548 level. Since my expectation for the Euro-dollar parity is still upward, I think the declines are a buying opportunity.
An ounce of gold is at the 1982 dollar level. An ounce of gold has persistently targeted $2000. It's like he's saying, "I'll have to see that 2000 dollars." 2010 dollars, 2015 dollars, above 2000 dollars, psychologically, I'm in the mood to test it and come back again. That's why it doesn't want to move too far from the $2000 level. But what is the technique for this? Look, there was a very rapid rise. I'm talking about a 3-week period at $1808. This was at $1808 before the Hamas-Israeli war started. You know, the days I mentioned as free were at the level of 1808 Dollars. It is currently at 1982 dollars. Therefore, he did not make the correction below. He will fix it one way or another. What could happen is if it breaks above the $2,000 level, it will relax. After that it comes back again. However, would I buy ounces at these levels? No, I would wait for the $1930 and $1880 support levels thereafter. My prediction for ounce gold is that there is an area in this direction from the 1808 dollar level to the 1982 dollar level. He did not make any corrective movements below. Below are the areas violated. Unless I make a technical correction, I wouldn't enter the ounce gold side.
The ounce price of silver is at $22.74. During this week, I stated the resistances of $22, $24, and $26. This expectation is still valid. Next thing you know, there will be a serious rally and a serious shine in silver by the end of the year. When you look at it at once, we will see that the return on the silver side is more than that of gold. We will see the same thing as last year. He waited until December last year. An eruption broke out in December. He dethroned Gold. We will all see how silver will perform by the end of the year.
There was also a serious rise in cryptocurrencies, especially the $ 35000 level was tested. It is currently at the level of 34000 dollars. I also had warnings on the Bitcoin side this week. These may not be permanent increases. There may be sharp declines again. I had warnings that it might fall below the $30,000 level. I would like to renew this warning again. Be wary of sharp declines in cryptocurrencies. Don't be too assertive.
There is a 2.5% increase in oil prices. It insistently wants to go above the $90 level. It is stuck in the $85 - $90 range. Let's see if it can sit above the $90 level. My personal prediction is that yes, we will see an oil price in the 90-95 dollar range again.
The dollar index is at $106.5. I expect a regression here. 105.50 then 104.50. This decline in the dollar index can support ounce gold positively. In other words, ounce gold uses this decline in the dollar index as an excuse. It may test above the $2000 level again. But it won't be permanent. I am assertive about falling to the support levels of 1880 dollars after 1930. I still maintain my expectations on this side.
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