Euro - Dollar parity dropped to 1.0664 yesterday and is currently at 1.0682. Euro-Dollar parity has once again provided an opportunity for those who want to make medium and long-term positions or invest in their assets on the Euro side. We continue to stick to our target of 1.12 - 1.15.
The ounce price of gold is currently at 1964 dollars. I stated that if the 1960 dollar level breaks downwards, our second support level is the 1930 dollar level. Yesterday, it fell to 1956 dollars during the day. Now we will focus on today's closes or weekly closes. Will there be a drop below the 1960 dollar level? Will there be a reaction rise again from here? Here, to see this trend, we need to see today's and tomorrow's closings. The $1960 support level on the gold side worked, but declines remain limited. There is anorexia here. With the geopolitical tension again, gold prices continue their upward movements again. For this reason, I decided to close 75% of the buying positions on the ounce gold side. If there is a 25% downward trend, I continue to wait on the sidelines. If you pay attention, I did not close the position suddenly and since there was still a risk, I thought it was a better decision to close the 75% position. But with the decline below the 1960 dollar level, this time there is a support level of 1930 dollars. This time I will buy 25%. This is how I close my annual position.
The ounce price of silver can start upward movements again from a strong support level of $22.80. It retreated to the $22.42 support level. I'm currently waiting for a surprise in silver at $22.50. I expect a sharp decline in the gold-silver ratio, especially due to the ratio. This will separate silver in a positive direction. You know, I had a warning for the last two weeks. When you wake up one morning, you will see rapid increases on the silver side. We're almost there, it's just a matter of time. As I mentioned, when you wake up one morning, we will see that silver has risen aggressively and provided a higher return than gold. My expectations on the silver side are positive. I will continue to watch the $24 and $26 resistances.
Importantly, oil prices have lost 3% of their value at $82.63 these days. Yesterday, oil prices were at 86.5 dollars. I expect a decline to the $83 level. From here, it may rise again to the $90 level with a rapid rise. This week will be a mixed week with many ups and downs in oil prices. My expectation this week was met, regarding the $83 level. But I expect an upward recovery from here. So, I do not expect it to close below the $83 level. Those who trade in oil should also pay attention to these levels. It has lost 3.5% value these days. This expectation came true, but after tomorrow, with the reaction purchases, it may be in a trend targeting the $ 90 level again.
On the Bitcoin side, there is a level of $34707. For the last 2 weeks, I have been making statements to our friends, especially those trading in the cryptocurrency market, that there will be sharp declines. I have often shared with you my predictions, especially regarding the $28000 support level. Especially on the bitcoin side, we need to be a little more careful. Profit sales can come at any time. That's why profit sales occur sequentially. I think it's time for the cryptocurrency market.
I was expecting an increase in the dollar index this week. You know, it was at $104.50. It is currently at $105.51. I continue to follow the 106 resistance here too. However, we may see sharp declines rather than permanent increases in the dollar index. That's why we need to pay attention to the resistance at 106 and subsequently 106.50. We may be faced with a dollar index that quickly rebounds from here. There is nothing abnormal at any pricing point right now. Everything is stable as per my expectation. There is such an atmosphere of uncertainty in the markets, like the calm before the storm.
