Our forecast for the euro-dollar parity this week was 1.0950. As you know, we interpreted it yesterday. Especially after the interest rate decision, this expectation came true. But there will be a quick recovery. Again, especially yesterday, turn these drops into an opportunity. You have until tomorrow because these bands of 1.1315 and 1.1350 may come to the fore in the afternoon bullish attacks. I had warnings, after testing 1.0950 level, after testing this level, it rose as high as 1.1047 with a quick recovery. I see a strong possibility of testing above 1.13 in the next attacks. It is important that our friends trading on this side of the euro-dollar parity consider the figures below the 1.10 level as a buying opportunity. There is no deterioration in our expectations for the end of the year. Should the one holding the dollar do the euro-dollar parity in today's pricing? The answer to this question is yes to me too.
An ounce of gold is at $1.6960. Especially this week, it will be possible to regress to the level of $ 1,935, and our friends who want to buy an ounce of gold should take advantage of these opportunities. Because I had a comment that there could be a recovery up to $ 1,960 quickly. This expectation has been realized at the current level of $ 1,960 an ounce of gold. It fell as low as $1,944. There was a purchase from here again, but the band gap still remains in the narrow narrow band range.
There is indecision because this week, the US central bank, the fed, increased interest rates by 25 basis points, but it brought uncertainty and we will continue to follow the central banks until the end of the year, but they left the doors open. Central banks gave a message this week, both the American central bank and the European Central Bank, keep watching us. He meant to say that we will make the decisions. They gave the message that we will take a new action according to whatever data comes, and they left the markets on a knife-edge as the doors remained open. Again, central banks did not withdraw from the market, the suppression continues, the controlled process continues. And all central banks in the world seem to have agreed to continue this process in a controlled manner. My concern is that central banks will continue this control process in 2024, I think. Because there is no temporary inflation that will pass in 2024. In fact, inflation that quickly returned in the last quarter of 2023. I am personally waiting and I have expressed this thought in my other articles. Since the fight against real inflation will not be easy, the Central banks will use all their trump cards to the fullest because they have found a ready excuse, and in today's conjuncture, it seems that the central banks will continue to manipulate and suppress the markets in 2024. But I have several concerns. I've been researching it these days, and I'll comment here again as my questions become clear. This worries me because at least on the investor side, I'll comment on that as well in the coming weeks when I get this clarified. In other words, I will make this comment specific to central banks. On the gold side, my prediction regarding the attacks over the $ 2,000 level related to August continues. We have fields above 2.020, 2040 and 2057. I guess we can see attacks above the $2,000 level most likely in August. I'm talking about the dollar-gold parity in particular, and I specifically explained it yesterday.
I mentioned a decline in the silver ounce price to $23.80. I mentioned a drop and it was then at $25 after the fed announced its decision. Stay away, I had warnings. It dropped as low as $24.10 today. Currently at $24.34, my view is still the same. In other words, I can say that it offers a good opportunity for investors who want to buy silver with dollars. There is no problem with appearance here.
The barrel price of Brent oil broke a new record, I don't find the rises here very healthy with a 1% premium at $ 84. Because incoming news streams point to the future of oil prices. Our friends who trade on this side should pay attention again.
Bitcoin is stuck in the narrow band gap at $29,275. A serious suppression process is still going on here. Especially our friends who trade in the crypto money market need to wait patiently, I have an expectation of up to 32.000 resistance, this expectation still continues. In particular, we have friends who have seriously damaged altcoins. So they lost almost 80% of the assets but don't trade at a loss. Again, wait patiently. There will be many moves. Because while all assets except cryptocurrencies entered the normalization process, we still have not seen a normalization in cryptocurrencies.
The dollar index is at 101.40, friends, we had a resistance expectation up to the 102 level in the dollar index. It returned from the $101.82 level. I expect a sagging from here to 100 or even below 100 again.
My opinions are not investment advice. Please do your own research.
