Euro - Dollar parity is above 1.06, our target is 1.07. I continue to expect upward movements in the euro - dollar parity.
An ounce of gold rose to the 2005 dollar level. I had previously stated that whether it moves above the 2000 dollar level and relaxes, it will either break down or up. However, it does not want to move away from the $2000 level. It's like he has the ambition to push it above the $2000 level, and he'll find relief there. Yes, now the 2005 dollar level has been seen and is now relaxed. But the trend is not over, there is the $2030 level above, there are the $1960 and $1930 support levels below. Roughly, the band range you will follow is $1930 below and $2030 above. However, these are not suitable levels for buying right now. For buying, it should be waited for it to fall below the 1960 dollar level. However, when it dropped to the level of 1930 dollars in the 1960s and later, a re-interpretation is needed. Stay calm, don't rush. I am saying this for those who have not bought gold, I am saying this for those who have neglected to buy gold until now. We will wait calmly, when the dollar level reached 1960 or 1930, a new interpretation is needed there again. But now is the time to wait patiently. Will there be a new record? Of course, we will see if it will reach new peaks again at the end of next year. Now it's time to wait
Ounce Silver is at $23.2. The $22.8 support level is below and the $24.20 level is above resistance. You follow these band intervals
There is a 1.71% depreciation in the barrel price of Brent oil. It's stuck in the 85 - 90 range. I do not predict that the declines will be permanent.
Bitcoin, one of the cryptocurrencies, is at the level of 34619 dollars. There is a value increase of 2.31%. I do not have thoughts such as rises in the cryptocurrency market, rallies, the bull market has started, etc. Again, the process of oppression and manipulation continues. Those in the cryptocurrency market should not get excited. Wait calmly aside. I expect sharp declines after these sharp rises. I would like to point out that I expect a retreat, especially at the 34600 level, but most likely up to the 31,000 or even 30,000 dollar support level. Those who trade in the cryptocurrency market should be careful.
The dollar index is at $106. I often state that I expect a downward trend. 106 - 107 is stuck in this band range. Because this week, the US Federal Reserve's interest rate decision is very important. The possibility of the Federal Reserve Bank of America bypassing interest rates has increased. All Markets have priced in the expectation that the FED will not change interest rates. We will learn the FED's interest rate decision together on Wednesday. Do not open the screens of the markets in November, it will be a month where you will sit quietly on the sidelines.
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.
